By Vibin Antony
United States shredded scrap prices remained flat week-on-week at $257 a long ton (delivered mill) in the week ended February 13, while the prices for hallmarked and non-hallmarked gold scrap showed a bearish trend followed by the yellow metal's down-trend in future market.
United States shredded scrap prices remained flat week-on-week at $257 a long ton (delivered mill) in the week ended February 13, as per the latest figures from the Steel Index.
Small volumes of scrap were heard changing hands at stable pricing to last week as participants paused to survey the aftermath of an explosive couple of weeks in the scrap markets.
Scrap traders would probably welcome a month of stable pricing in March, but with so much material still available and no sign of mill activity picking up to take up the slack, the tone in the market remains bearish looking forward.
US shredded scrap prices are expected to fall further in February as a perfect storm of a strong US dollar, low oil and iron ore prices along with increased finished steel imports.
According to Scrap Register Price Index, the prices for hallmarked and non-hallmarked gold scrap showed a bearish trend last week followed by the yellow metal's down-trend in future market.
However, aluminum, copper, brass, electronic, steel, nickel, zinc and lead scrap prices showed mixed trend last week.
(This article is researched and compiled by Vibin Antony on behalf of Scrap Register. Send in your suggestions and comments to editor@scrapregister.com)
United States shredded scrap prices remained flat week-on-week at $257 a long ton (delivered mill) in the week ended February 13, while the prices for hallmarked and non-hallmarked gold scrap showed a bearish trend followed by the yellow metal's down-trend in future market.
United States shredded scrap prices remained flat week-on-week at $257 a long ton (delivered mill) in the week ended February 13, as per the latest figures from the Steel Index.
Small volumes of scrap were heard changing hands at stable pricing to last week as participants paused to survey the aftermath of an explosive couple of weeks in the scrap markets.
Scrap traders would probably welcome a month of stable pricing in March, but with so much material still available and no sign of mill activity picking up to take up the slack, the tone in the market remains bearish looking forward.
US shredded scrap prices are expected to fall further in February as a perfect storm of a strong US dollar, low oil and iron ore prices along with increased finished steel imports.
According to Scrap Register Price Index, the prices for hallmarked and non-hallmarked gold scrap showed a bearish trend last week followed by the yellow metal's down-trend in future market.
However, aluminum, copper, brass, electronic, steel, nickel, zinc and lead scrap prices showed mixed trend last week.
(This article is researched and compiled by Vibin Antony on behalf of Scrap Register. Send in your suggestions and comments to editor@scrapregister.com)
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ReplyDeleteSell Scrap Copper | Lead Scrap Prices