Shredded outperforms primes in Midwest
Jul 10, 2014 | 05:25 PM
| Sean Davidson
NEW YORK Shredded scrap prices gained the most ground in the Midwest in July as mill buyers looked to restore more-historical price spreads between the material and No. 1 busheling.
Detroit-area steel producers set the tone for the region earlier this week, trading at increases of $15 per gross ton from prices in June, and were soon followed by some mills in Indiana that secured shred at increases of $10 to $15 per ton.
Market participants said shredded scrap values came under pressure shortly after, trading at up $10 per ton to sideways as the week progressed. The varying trends were based primarily off the last transactions in June, which also recorded a shifting market as the buying week advanced.....
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.