Scrap market keeps everyone guessing

Sep 30, 2013 | 07:00 PM | John Ambrosia

Tags  AMM Steel Scrap Conference, ferrous scrap, ferrous scrap prices, John Ambrosia

At first glance, it might seem as if nothing notable has happened in the world of ferrous scrap over the past 12 months. Heading toward the 7th annual AMM Steel Scrap Conference in Chicago at the end of October, scrap prices are near where they were a year ago.

Prime grades in mid-September were slightly above where they stood a year earlierAMM’s No. 1 busheling composite price was about $2 per ton higher--although cut grades haven’t fared quite as well, with No. 1 heavy melt and shredded down.....

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