Cleveland mills book shredded $10 below mart
Mar 21, 2012 | 05:46 PM
| Sean Davidson
NEW YORK Three Cleveland mills bought more than 30,000 gross tons of shredded steel scrap Wednesday morning at prices down $10 per ton from the beginning of March, AMM understands.
An upstate New York shredder who supplied all three millsand is typically first out of the gate for monthly sales to millssurprised the market with his lower price offers and unprecedented early entry into the market.
The shredder said he sold 32,000 tons of a 60,000-ton shredded scrap inventory to three different mills. One mill reportedly bought 20,000 tons, a second 7,000 tons and the third 5,000 tons at prices reportedly down $10 to around $435 per ton.....
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.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.