Scrap Prices North America
April 26, 2022
High Scrap Prices Expected to Ease in May
Written by Brett Linton
Steel Market Update sources expect ferrous scrap prices to decline in May, following record high prices in March and April due to the Ukraine-Russia war. Some expect obsolete grades to decline significantly from April, with busheling prices potentially down as well.
“Just looking at the export market makes me think US domestic will see significant drops for all grades in May,” said one scrap executive.
