Raw Steels MMI®: US Shredded Scrap Continues its Fall This Week

by on

Scrap steel has been plummeting for most of this year and the past week was no exception. MetalMiner contributor James May explains what could be the reason for the continued freefall.

Free Download: Trade Automation for Scrap Imports

The US is a net exporter of ferrous scrap. What that means is that when international prices decline, there is an excess of material available in the US market. Exporters choose to sell to the domestic yards instead and prices therefore slide.

 

{Comments Off on Raw Steels MMI®: US Shredded Scrap Continues its Fall This Week Comments Off on Raw Steels MMI®: US Shredded Scrap Continues its Fall This Week}