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    August 29, 2022

    September Scrap Prices Expectations Sideways or Rising

    Written by Brett Linton

    Steel Market Update sources expect ferrous scrap prices to be sideways or rise slightly going into September. The move would potentially end the four-month streak of declines seen since the spring’s record high tags. Obsolete grades are anticipated to remain relatively stable from August to September, while prime scrap is expected to increase $20-$30 per gross ton.

    steel scrap“Shredder feed flows have slowed since July, providing some support [to prices],” said one Northeast scrap executive. “Prime grades could see higher pricing to correct the unsustainable discount to shredded that happened in August.”

    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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