Scrap Processors: Shredders

Ferrous Scrap Prices Likely to Decline in February

Following big jumps in December and January, ferrous scrap prices are expected to moderate in February. Steel Market Update sources predict obsolete grades could drop by $30-50/GT and prime grades by $10-20/GT due primarily to the large amount of scrap offered to the mills in January and the weakening export market. “Scrap dealers are lowering […] The post Ferrous Scrap Prices Likely to Decline in February appeared first on Steel Market Update.

Ferrous Scrap Expected to Settle Up $20 for March

Ferrous scrap prices are expected to settle around $20/GT higher for March following weakness in January and February, report Steel Market Update sources. “The March domestic market seems to have $20/GT baked into it,” commented one dealer in the Northeast. “Poor inflows due to bad weather and seasonality, along with a stronger export market, are […] The post Ferrous Scrap Expected to Settle Up $20 for March appeared first on Steel Market Update.