24
Apr
19:55
US scrap prices continue to show downward trajectory
Scrap prices are expected to continue to fall as dealers report a drop in heavy steel at the yards. Sources from New York to Georgia confirm a downward slide at the scales, Kallanish reports.
“We are paying $160-180/short ton for heavy steel, which is down about $20/st over the past two weeks,” says a New York scrap operator. “Cast iron is hitting the scales at between $200-220/st. I anticipate prices will continue to go down and in fact, I lik…
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Anonymous
Very good overview of the weekly steel market.
Anonymous