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    August 4, 2013

    U.S. Scrap Prices “Sloppy” as Mills Buy at Lower Levels

    Written by Diana Packard

    One of our scrap sources – a Northeast based shredding company – reported sales to one of the mill scrap brokerage companies with two sales on shredded scrap.  One 35,000 ton lot at down $20 per gross ton shipping by rail, a second lot of shred sold down $15 per gross ton to ship by truck.  The shredding company also reported a 10,000 ton sale to a southern mill down $10 per gross ton.  Busheling was referenced as going sideways and cut grades were down $5 per gross ton.  The shredder told SMU, “Market kept getting weaker with each sale.”

    Another of our east coast sources provided the following insights from his perspective late last week:

    Diana Packard

    Read more from Diana Packard

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