08
Mar
15:05
US scrap settles upwards despite export price slowdown
The US domestic scrap market has finally settled upwards, as anticipated. As a result of the tight supply of prime scrap versus high demand, the price spread between shredded and busheling scrap has hit a historical high of $115-120/tonne, Kallanish observes
Trading in almost all regions was completed at the end of last week at prices $50/t and $70/t higher for shredded and prime scrap respectively compared to February.
Following the hikes, prices in the Midwest …
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Anonymous
Very good overview of the weekly steel market.
Anonymous