Scrap Metal Prices

American scrap prices continued to decline.

Because market of end product slump, coupled with sluggish export market demand for scrap, the steel scrap trading volume in both domestic and export market are fully subsided.

On the other hand, scarp prices are not expected to drop due to tight supply. Since early February, scrap prices declined by a total of US$5~10/ton.

At present, the scrap price in east coast is around US$225~235/ ton, shredded scrap at US$215~225/ ton, H1 scrap at US$190~200/ ton.

Source: www.yieh.com