Large price corrections shake US ferrous scrap market

The ferrous scrap market in the United States is clearly a buyer’s market in January, with sellers of steel turnings feeling the biggest sting in a monthly settlement that is rife with huge corrections.

Quotes to buy steel turnings are down by as much as $90 per gross ton in some areas, leaving sellers of the product shaking their heads in disbelief. “There are limited...

Published

Mei Ling Toh

January 08, 2019

21:08 GMT

New York, Pittsburgh