Shredded scrap prices peaked at$230/lt delivered mill in the Southeast US marketas mills searched far and wide for material in atight scrap environment further compounded byriver-related logistical problems.On a shipping-point basis, scrap pricesmoved an average of $20/lt higher from December to January, but delivered-millprices varied widely due to steel mills seekingremote scrap. Southeastern mills paid asmuch as $55-$65/lt in freight costs to securematerial from northern US areas into theirregions — a procurement approach known as"springboarding".
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