Ferrous scrap seen at bottom; pickup eyed
Nov 22, 2011 | 03:04 PM
| Lisa Gordon
Tags
plate and structural scrap,
scrap prices,
heavy melting scrap,
ferrous scrap prices,
Lisa Gordon
PITTSBURGH — The U.S. ferrous scrap market appears to have hit bottom, but opinions are mixed on whether there will be a sideways shift or slight uptick in business in December to January amid lighter melting schedules at most of the mills due to the holiday season.
Scrapyards are expecting an improved pricing environment over the next 60 days due to conservative buying practices by the mills and a decrease in flows of unprocessed materials into the yards. "I don’t think the market is headed down because there seems to be a gentle uptick underway," one Pennsylvania mill buyer said.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here