Scrap Prices North America
October 29, 2020
Ferrous Scrap Prices See Big Jump in December
Written by Tim Triplett
Ferrous scrap prices saw a big jump in December, settling up by a minimum of $70/GT, with rumored sales exceeding $100/GT, report Steel Market Update sources. Scrap prices are widely expected to see further increases in January, adding ongoing support to the uptrend in finished steel prices.
Scrap for December reportedly settled in the following ranges: Shred $385-400, Bush $400-425, HMS $330-360, and P/S $360-390.
