US Shredded Scrap Prices Remain Flat at $340 a Long Ton


In the week ended December 26, United States shredded scrap prices remained flat week-on-week at $340 a long ton (delivered mill), as the latest figures released by the The Steel Index.

Despite market activity as some stepped in early to pre-empt an anticipated tighter supply environment in January, US shredded scrap prices remained flat last week, as the tonnages failed to tell on the volume-weighted index.

Along with the effects of a downward adjusted BOF charge-mix on January availability and it's generally lower flow, the market is weighing up the potential for better finished demand in January. The volumes demanded by export markets is also being eyed.