UNITED STATES November 05 2014 8:36 PMTweet 
 NEW YORK (Scrap Register): United States shredded scrap prices declined sharply by $23 a long ton week-on-week to $337 a long ton (delivered mill) in the week ended October 31, as per The Steel Index.

According to TSI, US domestic scrap market had been remarkably resolute in its immunity to plummeting international scrap prices in recent months, but the effects are now seemingly coming to bear.

A number of purchases were completed prior to the traditional "buy week" for November at pricing $20-30 a long ton lower than October's buys.

This seems to hint that recyclers are probably nervous in terms of being able to shift all of their material, especially with US East Coat exports being non-existent in recent weeks.