Specter of domestic drop in September weighs on US scrap export market

Recyclers on the East Coast of the United States reduced their dock prices in the week to Monday August 23 in the wake of a lower-priced deep-sea ferrous scrap export sale to Turkey and ahead of an anticipated $20- to $30-per-gross-ton drop in September’s domestic trade.

“Next month, because we are on the East Coast, I am sure local mills will take cuts down a minimum of $20 per gross ton and will knock primes down...

Published

Amy Hinton

August 25, 2021

18:09 GMT

London