Home / Metal News /  / US Shredded Scrap prices decline significantly by $20 a long ton
US Shredded Scrap prices decline significantly by $20 a long ton
Oct 9,2014 14:54CST
industry news
Source:SMM
United States shredded scrap prices declined significantly by $20 a long ton week-on-week to $363 a long ton (delivered mill) in the week ended October 03, as per The Steel Index.

UNITED STATES October 07 2014 12:15 PM
NEW YORK (Scrap Register): United States shredded scrap prices declined significantly by $20 a long ton week-on-week to $363 a long ton (delivered mill) in the week ended October 03, as per The Steel Index.

According to TSI, US shredded prices fell as volatility returned to the US market after a period of relative calm.

Some mills are carrying out planned outages, whilst plummeting international scrap prices have halted scrap exports from both the East and West coasts in their tracks.

This has served to create a glut of material in the US domestic market, with yards showing little resistance to these decreases.

 

United States shredded scrap prices

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news