Scrap Prices North America
March 10, 2022
War Triggers Record Jump in Scrap Prices in March
Written by Tim Triplett
The war in Ukraine has triggered what may be the largest monthly increase in scrap prices ever seen with shredded scrap trading in March at around $600/GT and prime scrap at $700/GT – up by $125-175/GT over February, sources tell Steel Market Update. Market participants were expecting modestly higher scrap prices in March following declines in January and February, but nothing like the record jumps that have stunned the industry.
