January 2012 | North American Steels
US domestic scrap market strengthens: Raw Material Highlights
Scrap flows increasing in post-holiday period.
The US domestic scrap market started January following a pricing scheme similar to the trend seen last month. Prices for US HMS No. 1 rose $35/long ton delivered mill terms, while No. 2 domestic average prices increased $30/long ton delivered mill terms, the equivalent of an 8.54% and 7.63% gain, respectively. Although prices picked up this week, some factors indicate that the US domestic scrap market may experience downward pressure later this month. US scrap may be vulnerable to price deterioration due to the over-supply of scrap in the market.
The...
ACCESS RESTRICTED
You must be a paid subscriber to view the full content.
Content over 60 days old can only be accessed by subscribers.
Call +44(0)20 7779 8000 with your credit card details or subscribe online.
SUBSCRIBE
Receive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts. Plus download the latest issue as soon as it’s published.
Subscribe