Scrap Prices North America
January 25, 2022
February Scrap Prices Tricky to Predict
Written by Tim Triplett
Ferrous scrap prices in the U.S. saw a big, $60-per-ton drop in January – a surprise in a month when scrap prices usually rise. That makes it trickier than usual to predict what will happen to scrap prices in February.
Experts said the January decline brought domestic prices more in line with foreign, and also reflected softening finished steel demand. Most view this downward move as short term as demand is likely to stabilize when new steel production capacity comes online later this year.
