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US Scrap Pricing Floated Downward

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by - 10/5/2012 3736 Views

It is reported that the prices of the US scraps for October shipments have dropped further by $5 CFR/MT.

It is reported that the prices of the US scraps for October shipments have dropped further by $5 CFR/MT. Only a few cargoes were being heard sold last week. 

According to the marker source, several mills in the US increased their intake of prime scrap, particularly No. 1 busheling as a short supply of Shredded scrap still exists. Market participant added that increase busheling in each melt will continue as long as busheling and shredded scrap prices remain on the par within $5 to $10 per gross ton of each other.
 
However, Reports reveals that supply tightness is still on the shredded scrap despite weak demand from US steel mills is not likely to support to this issue.  It’s learned that prices were down by $5 from the last traded prices upon HMS 1&2 and shredded scrap and was sold at $ 365/MT and $370/MT respectively.

Besides, it is predicted that US domestic prices might dip by US$20 to US$50/long ton in the market in the short term and now its hovering at US $ 320-325/MT for Shredded Scarp and US $315-320 for HMS 1&2. 

Category : Metal

Tags : Scrap metal price, US Scrap price, Shredded Scarp,


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I have been with recycleinme.com for the past four years and enjoy working as the Administrator of the Scrap Prices section.  I am graduated as Master of Business Administration in Human resource management. Why I have chosen this course is because I’m very much fond of Business Administrati .... more info

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