The ferrous scrap market in the United States appears to be gearing up for a relatively quiet month in June, with no sharp price volatility expected in either direction.
Early talk for the upcoming June negotiations suggests that prime scrap tags could move sideways to slightly higher, and prices for cuts and shredded scrap could move sideways to slightly lower, according to buyers and sellers. Some buyers and sellers indicated that a possible negative bias exists on shredded scrap and cut grades, given ample supply due to improved weather conditions and the lack of export activity."Prime is a silent sideways down here, but the mood is wobbling on...