Shredded Scrap, Stainless Steel Scrap prices remain stable

NEW YORK (Scrap Register): United States shredded scrap prices and stainless steel scrap prices on Scrap Register Price Index remained flat during last week. 

 

According to the Steel Index, United States shredded scrap prices remained flat at $265 a long ton (delivered mill) in the week ended April 10.

 

Small pockets of trade were heard completed at similar levels to last week, as the market finalised their April purchases. 

 

Market participants were a little more upbeat than in recent weeks, with the supply/demand dynamic now reigned in somewhat, and relatively strong demand coming from EAF mills.

 

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As per Scrap Register Price Index, United States stainless steel scrap commodities also showed a flat trend during last week. The scrap prices of major stainless steel scrap commodities like 201 SS, 301 SS, 309 SS, 310 SS and 330 SS were unchanged on Scrap Register US Price Index during 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)