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Home / Metal News / US Shredded Scrap Prices Rise to $373 a Long Ton

US Shredded Scrap Prices Rise to $373 a Long Ton

iconJun 24, 2014 15:32
Source:SMM
United States shredded scrap prices rose by $2 a long ton week-on-week to $373 a long ton in the week ended June 20th this year, as per the latest figures released by the The Steel Index.

UNITED STATES June 24 2014 12:12 PM NEW YORK (Scrap Register): United States shredded scrap prices rose by $2 a long ton week-on-week to $373 a long ton in the week ended June 20th this year, as per the latest figures released by the The Steel Index.

US Midwest shredded scrap index moved upwards again, 0.5% to $373 a long ton delivered mill.

US steel mill capacity utilisation rates are rising incrementally while, anecdotally, mill order books are plump and minds are already looking ahead to July.

Sellers are of the mind that prices will be on the rise… flows may support that, but it seems perverse when you note that the Fe ratio (iron units from scrap vs from ore) is at the highest level (2.62) since September 2012.

 

shredded scrap prices
the The Steel Index (TSI)

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