US Shredded Scrap prices continue to remain flat; Aluminium, Copper show mixed trend

UNITED STATES February 24 2015 6:31 PM

NEW YORK (Scrap Register): United States shredded scrap prices continued to remain flat week-on-week at $257 a long ton (delivered mill) in the week ended February 20, as per the latest figures from the Steel Index.

Trade has been light as the market took the chance to take stock of the heavy falls in recent weeks. Participants find it hard to see the supply overhang being eroded in March, whilst increased demand is unlikely to take up the slack, leading many to predict further price falls in March, or, at best, stable pricing.

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As per Scrap Register Price Index, the prices for hallmarked and non-hallmarked gold scrap showed a bearish trend last week followed by the yellow metal's down-trend in future market.

However, aluminium, copper, brass, electronic, nickel, steel, zinc and lead scrap prices showed mixed trend last week.

(This article is researched and compiled by Vibin Antony on behalf of Scrap Register. Send in your suggestions and comments to editor@scrapregister.com)