FERROUS SCRAP MARKET APPEARS TO RE STRENGTHENING

摘要

While still flatfish, the ferrous scrap market seems to be taking a more positiveturn. While scrap markets lingered longerthan usual, largely on account ofthe 4th July holiday, it now appears most regions are settlingflat (as in Chicago) to up (notably in Philadelphia). Only in Hamilton, Ontario, andYoungstown, Ohio, have prices corrected downwards. While the overall market dynamic appears to be somewhat more positive than in the past several months, prime and secondary grades continue to take slightly different paths in many regions. That isn'tthe case in Chicago, Pittsburgh, Cleveland, Montreal, where July prices for all ferrous grades are unchanged from July levels. However, in many other regions, including Detroit, Alabama, Arkansas-Tennessee, Cincinnati and the southeast, prime grades have seen a $10/longton gain. Secondary grade largely held its ground and even edged up slightly in some coastal regions, helped up by greater export activity, especially to Turkey.