US domestic ferrous scrap market shrugs off typical summer slowdown

摘要

The pending June ferrous scrap trade is fueling optimism among scrap dealers that was last seen in January, when the year kicked off with a hefty price increase. Sellers are expecting increases of at least $50 per gross ton, with many hopeful that secondary grades (shred and cuts) could be rise by as much $70 per ton. “If the trade drags out, it will be sellers taking their time and holding out for better prices because the ball is in their court,” a seller into Detroit said.