US ferrous scrap market sees signs of strength in May trade

摘要

Sellers in the ferrous scrap market have indicated that mills continue to make quiet deals exceeding the purported trend, clouding visibility on where prices will settle across the United States. In Detroit, one producer was said to be offering a $20-per-gross-ton increase on shredded and cut scrap and a $30-per-ton increase on prime scrap compared with April, while another producer was reportedly offering prices up $30 per ton on shredded and cut scrap and $40 per ton higher on prime scrap.