US scrap prices rebound –
The global scrap prices have shot up since last week. US’s scrap price also started to climb after previous fall.
In US market, No.1 scrap has lifted slightly by US$8.4/ton to US$506.7/ton on July 4.
Scrap prices remain unchanged for Chicago and Pittsburg at US$495/ton and US$500/ton respectively while price up by US$25/ton in Philadelphia.
News Date 7/8/2008 9:28:56 AM reported by Elaine Chen of YIEH