Scrap Prices North America
November 9, 2021
Ferrous Scrap Prices See Big Bump in November
Written by Tim Triplett
Ferrous scrap prices saw an unexpectedly big jump in November, with shredded scrap selling as high as $75/GT above October levels. Prime scrap rose $20/GT, sources tell Steel Market Update. Observers were expecting higher prices in November on strong export demand and some seasonal tightening of supplies, but were surprised by the size of the increase. Scrap prices are closely watched as a future indicator of finished steel prices.
