With summer upon us ferrous scrap pricing is heating up!
Ferrous scrap prices for August have soared across most domestic regions averaging approximately $50-60 for prime grades. Mills bought substantial amounts of material early this month offering higher prices to ensure inflow. The increased demand was not predicted and came on the heels of a sluggish month in July.
Both aluminum and copper scrap are showing slight decreases so far this month, but the losses are negligible.
OCC pricing has undergone a swoon this summer. Recovered cardboard prices fell approximately $20-25 per ton from March until July. OCC prices last week displayed an additional $20 drop for August.
Market experts point to decreased Chinese demand as a major factor behind the weakness. Paper recyclers now sit on a substantial amount of material as domestic mills are also reluctant to buy.Disclaimer – Prices and market related information shown has been obtained by many sources across many commodity markets. InStream has not verified the information beyond our sources. Information is based on assumptions and projections based on current market drivers. This information is provided as a service and InStream is not recommending action based on the market information provided and is not responsible for the direction of markets and/or results based on the data provided.