Southeast scrap run-up starts to lose traction
Aug 03, 2012 | 04:24 PM
| Lisa Gordon
PITTSBURGH The Birmingham, Ala., and Carolinas scrap markets remained active Friday, with local mills joining the national trend and paying much higher prices to secure their melting needs.
A mill in each region paid prices that were up an average of $60 per gross ton across all grades for its August requirements, but it was still unclear where the overall market would settle as too many players hadnt yet completed their buys.
If fact, despite the upward trend, the market appeared to be losing strength as the week drew to a close.....
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.