Scrap Prices North America
September 15, 2022
Scrap Prices Decline in September, Against Expectations
Written by Brett Linton
Steel Market Update sources report ferrous scrap prices declined by as much as $30 per gross ton in September, going against previous expectations that prices would remain stable or even increase. September marks the sixth consecutive month of declines since March–April’s record high prices. Prime scrap fell by $30 per gross ton from the month prior, while obsolete grades declined by as much as $20 per gross ton.
One Northeast scrap executive commented that scrap demand weakened in September due to both domestic mill outages and a slowing global market.
