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US Midwest regions ferrous scrap prices shoot up
Nov 12, 2013 13:26Source:SMM
United States Midwest regions ferrous scrap prices advanced to their highest levels since May 2012 as supply concerns caused buyers to accept sellers’ terms this month.
UNITED STATES November 12 2013 9:56 AM
NEW YORK (Scrap Register): United States Midwest regions ferrous scrap prices advanced to their highest levels since May 2012 as supply concerns caused buyers to accept sellers’ terms this month.
Early speculation leading into November had set the stage for increases of between $20 and $30 per gross ton from the previous month’s prices.
However, late October and early November attempts by mill buyers to secure scrap at increases of $20 per ton were immediately turned away by suppliers, who insisted on much higher increases for all grades of scrap.
ferrous scrap prices
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