November Scrap Prices Slide by $10-30/Ton

Ferrous scrap prices declined from October to November, marking the seventh consecutive month of falling prices, according to Steel Market Update sources. Buyers reported prime scrap fell as much as $30 per gross ton in some regions, while shredded prices were flat to down $20 per gross ton.

Sources continue to attribute price declines to weakening demand in both domestic and export markets. Multiple buyers also commented on river barge impacts, citing higher freight costs and extended transport times due to low water levels.