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    June 16, 2022

    June Scrap Prices Fall $50-75/Ton, July Expectations Lower

    Written by Brett Linton

    Steel Market Update sources report ferrous scrap prices declined from May to June, dropping further from the record high prices seen in March and April. Prime grades declined between $55-75 per gross ton, with obsolete grades down $50-70 per ton.

    steel scrapThis puts the SMU price indices for scrap as follows: Busheling scrap at $600-670 per ton, averaging $635. Shredded scrap at $450-480 per ton, averaging $465. Heavy melt scrap at $370-420 per ton, averaging $395.

    Brett Linton

    Brett Linton is a digital operations analyst for Steel Market Update, where he began his career. Linton has been in the steel industry since 2010. He has held roles as a category manager and strategic insights director at Reibus before returning to SMU in 2024. He is a graduate of The University of North Georgia with a degree in Finance and Accounting. Brett can be reached at brett@steelmarketupdate.com or 724-314-0179.

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