Scrap price slide won’t hit long steel: buyers
Feb 07, 2013 | 03:56 PM
| Samuel Frizell
Tags
Steel long products,
wire rod,
rebar,
scrap prices,
Samuel Frizell
NEW YORK — Most buyers say they expect to see no decrease in steel long product prices for the third month in a row, despite a slight softening in ferrous scrap prices in the key Chicago region.
"(The mills) will announce sideways next week—you can count on that," a source at a Midwest reinforcing bar fabricator said.
Mills’ raw material surcharges on long products often move in tandem with scrap prices, particularly shredded automotive scrap in the Chicago market, which settled down $9 to $377 per gross ton on Feb. 7. ....
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