US ferrous scrap sellers being coaxed off the sidelines

Patience appears to be paying off for ferrous scrap dealers in the United States, with domestic mills raising their offers to secure material in a market where secondary grades are the hardest to source.

“You can’t buy cuts,” according to one US Midwest mill that has been working overtime to secure shredded scrap, the tightest grade to source.

In Chicago, one mill raised its offer price for cut grades and shredded scrap by $30 per gross ton compared with last month's settlement after getting no traction on...


Lisa Gordon

March 06, 2018

21:14 GMT