Prime Scrap Tags Sink in September, Shredded and HMS Flat

Busheling prices fell precipitously during September. But domestic prices for shredded scrap and HMS were sideways in September vs. August, according to scrap sources surveyed by SMU.

Ferrous Scrap
Prime Scrap
Shredded Scrap
strike
uaw

Mills were in no hurry to buy obsolete grades, and dealers were in no hurry to sell at “down money,” one source said.

Ethan Bernard

Ethan Bernard is managing editor for Steel Market Update. He previously worked for American Metal Market as a copy editor in the New York office for two years, starting in 2008. Later, he copy edited AMM’s monthly magazine on a freelance basis from 2015 until 2017. With experience in financial copywriting and textbook publishing, he holds a BA in Comparative Literature from UC Berkeley, and an MFA in Creative Writing from New York University. He can be reached at ethan@steelmarketupdate.com or 724-759-7871.