Shredded scrap prices may support beam hike
Nov 11, 2013 | 11:14 AM
| Frank Haflich
LOS ANGELES A boost in a benchmark scrap price may bolster the chances for increased structural steel tags to succeed.
AMMs consumer buying price assessment for shredded automotive scrap in the Chicago market rose to $390 per ton last week, up $31 from October. This would appear to satisfy some participants, who said earlier that the market needed to see a scrap increase of at least $25 per ton for any price....
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