Pittsburgh ferrous scrap prices steady for May

May 02, 2012 | 05:42 PM | Lisa Gordon

Tags  scrap prices, No. 1 busheling, Pittsburgh scrap market, Lisa Gordon

PITTSBURGH — The Pittsburgh ferrous scrap market is showing resilience, with prices settling sideways after retreating in April, although some sources differed on the No. 1 busheling price in the area.

The selling price for the prime ferrous scrap grade has held steady for most sources at $455 per gross ton despite some reports of sales as high as $470 per ton.

The majority of brokers and mills have indicated that the price hasn’t moved. "There were a few deals that bought at ‘up money’ last week, but as a seller you can’t get that today," a broker at one of the large national players said.....

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