Another Increase for Ferrous Scrap in July?

Ferrous scrap prices are likely to rise again in July on top of the $50-60 per gross ton increase in June – but just how much remains unclear, according to Steel Market Update sources.

“July expectations vary greatly,” said one dealer in the Northeast. “Most consumers are conceding prices will be up $20-50/GT depending on grade and region, while some are saying sideways to up $20 based on a stalled export market.”