Mixed mid-month outlook for July US scrap market

摘要

Pittsburgh—A mixed market outlook for July was heard during a quiet week of June 8-12, following a June US scrap buy that saw prime prices continue to rise while shredded scrap softened, widening the spread between the two grades. The S&P Global Platts US shredded scrap index was calculated at $255.75/lt delivered Midwest June 12, while Platts US #1 busheling scrap assessment was calculated at $318-$340/lt delivered Midwest. The more than $70/lt spread between shred and prime grades is the highest it's been over a sustained period since October 2017.