US Shredded Scrap prices rise to $265 a long ton; US Scrap Copper unchanged

UNITED STATES April 08 2015 6:07 PM
NEW YORK (Scrap Register): United States shredded scrap prices rose during last week, while copper scrap prices on Scrap Register Price Index unchanged.

United States shredded scrap prices advanced by $5 a long ton to $265 a long ton (delivered mill) in the week ended April 03, as per the latest figures from the Steel Index.

At the low end of the range of prices seen, shredded traded at similar levels to March buys, but transactions were $10 a long ton higher at the top end.

The market for shredded material remained largely stable in terms of supply and demand, although some mills were heard to be buying outside of their usual programs, taking the view that shredded was unlikely to drop any further given the lack of flows into yards seen at present.

As per Scrap Register Price Index, United States copper scrap commodities also showed a flat trend during last week. The scrap prices of #1 Ins Wire (Cu 88-92%), #2 Ins Wire (Cu 58-62%), Al/Cu Radiator Ends, Alternator, Bare Bright (Cu >99%), Cu Transformer Large, Cu Transformer Small remained almost flat during last week.