UNITED STATES April 30 2015 2:30 PM
NEW YORK (Scrap Register): United States shredded scrap prices slipped during last week, while copper scrap prices on Scrap Register Price Index traded down.
According to the Steel Index, United States shredded scrap prices slipped by $1 a long ton to $264 a long ton (delivered mill) in the week ended April 24.
Opinions on the likely direction of the market in May are mixed. Some state that yards who have been holding back material in the hope that prices recover will be forced to bring this material to market in May, thus increasing the amount of material available.
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Others have been reporting some yards are struggling to fulfil April orders, which would point to an overall lack of material which may lift prices in May.
As per Scrap Register Price Index, United States copper scrap commodities showed almost 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 prices traded down 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)
