Scrap Prices Begin to Decrease in US
on February 6th, 2012 at 5:00 pmFebruary 6, 2012
US’s scrap price in domestic market decreased in Feb due to oversupply by Busheling scrap. Currently, the Busheling scrap price in the Middle and West areas in US drops to US$472/ton, down by US$39/ton compared to January. Meanwhile Busheling and H1 scrap prices drop to US$443/ton and US$384~394/ton, down by US$20~30/ton from East of US.
In addition, the US scrap export price to Turkish market had been dropped by US$20~30/ton and It keeps sluggish. Â It expects that export scrap price will increase after mid of Feb or in March due to reduction of Busheling scrap and pig iron.
Source: Yieh