Scrap Prices North America
May 25, 2021
Ferrous Scrap Prices Expected to See Big Jump in June
Written by Tim Triplett
Ferrous scrap prices in the U.S. are likely to see a big jump in June, estimated at $50-60 per gross ton or more, primarily as a result of strong demand from foreign buyers, sources tell Steel Market Update.
“June will bring significant price increases for ferrous scrap. The biggest factor is the strength of the export market,” said a dealer in the Northeast. In May, obsolete grades moved up about $20/GT while prime grades moved sideways.
