Scrap Prices On The Rise

U.S. scrap prices have been increasing over the course of the last few weeks, according to Steel Business Briefing, as domestic mills are seeing a boost in orders and have a short supply of scrap inventories.

Domestic shredded scrap deals are averaging around $215 to $220 per ton F.O.B., up from between $195 and $210 per ton F.O.B. Heavy metal scrap deals have been around $190 per ton F.O.B., and $210 delivered, up from roughly $180 per ton F.O.B.