United States Scrap Prices Decline Further
on August 13th, 2008 at 6:46 amPosted In: scrap metal prices
The US scrap market appears soft due to the summer vacation; market activity is very quiet.In the US, the average scrap price dropped by US$25.67/ton, a wide margin since August 4. Meanwhile, HMS and shredded scrap prices have been reduced by US$50~70/ton.
Only a few buyers in Turkey and Asian countries are continuing some small quantity purchasing. Distributors are expecting further decreases in prices.