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    May 16, 2024

    Prime scrap tags level in May, shredded and HMS slip

    Written by Ethan Bernard

    Domestic scrap prices this month were flat for prime material but down for HMS and shredded, scrap sources told SMU.

    “May trading for obsolete grades ranged anywhere from sideways in Philadelphia to down $10-20 in other regions of the country,” one scrap 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.

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