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    September 28, 2022

    October Scrap Expected to be Sideways to Down $20/Ton

    Written by Brett Linton

    Steel Market Update sources expect ferrous scrap prices to be sideways to down in October, potentially the fifth consecutive monthly decline since the record highs seen earlier this year. Obsolete grades are anticipated to fall as much as $20 per gross ton or more, while prime scrap is expected to remain flat or slightly decline.

    steel scrapOne scrap expert attributed the expected price declines to lackluster demand across the globe, remarking that obsolete grades should drop more than primes. Multiple other sources also expressed concerns on weak demand.

    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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