Scrap Prices North America
June 16, 2022
June Scrap Prices Fall $50-75/Ton, July Expectations Lower
Written by Brett Linton
Steel Market Update sources report ferrous scrap prices declined from May to June, dropping further from the record high prices seen in March and April. Prime grades declined between $55-75 per gross ton, with obsolete grades down $50-70 per ton.
This puts the SMU price indices for scrap as follows: Busheling scrap at $600-670 per ton, averaging $635. Shredded scrap at $450-480 per ton, averaging $465. Heavy melt scrap at $370-420 per ton, averaging $395.
