Stoked by concerns of shredder flow and steady demand from plate and long-products mills, southeastern US scrap prices outpaced other regions in the domestic market during the May buying period. Prices trended from sideways to up $15/lt in the Southeast as mills aggressively sought limited available regional scrap. A number of mills turned to the Midwest, mostly Chicago, to purchase barges of scrap to ensure flow and help take some momentum out of Southeast pricing.
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