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

August 26, 2021 / www.metalbulletin.com / Article Link

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 $20-30 per ton," an East Coast scrap source said, pointing to the impact of the domestic market's pricing trend on more export-dependent US markets."But it is the end of the summer. There will be a lot of shutdowns, so I am not so optimistic for next month or so, but again I am very optimistic for the long term for scrap. There are new mills coming online...

Recent News

Mixed outlook for gold as it remains range bound for past three months

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on flat metal price

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on metal decline

June 23, 2025 / www.canadianminingreport.com

Huge quantifiable rise in geopolitical, economic and trade risks

June 23, 2025 / www.canadianminingreport.com

Platinum clearly ahead of palladium for first time in seven years

June 16, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok