Scrap Metal Prices and Scrap Metal Auctions

U.S. scrap and pig iron prices continued to drop.

Current scrap price on East Coast hit US$230 ~ 240/ton, shredded scrap price at US$220~230/ton, while H1 scrap price reached US$195~205/ ton.

As for the export, because of weak demand in steel products and the cut of steel output, scrap export prices were also very low. The H1&H2 (80:20) mixed scrap exported to Turkey priced at CFR US$265/ton, down by US$15/ton compared with January.

In addition, the price of pig iron exported to Brazil dropped back to US$260/ton.

Source www.yieh.com

Filed under: scrap metal prices