An optimistic view on scrap steel prices Scrap metal industry experts do not expect the decline in scrap steel prices that widely characterized 2019 to reoccur in 2020. While domestic recyclers should not anticipate rates to quickly return to the $192 per gross ton national average of January 2019, they should likely see a modest
Scrap steel prices are still struggling Scrap steel prices are at an all-time low. As expected, the downward trend that began four years ago continues to hurt recycling rates, and recyclers struggling to make a profit. This price decline is in large part due to precious metals seeing a price increase while non-precious metals have
China-U.S. trade war continues to affect the commodities market Since our last report, the ongoing China-U.S. trade war, along with decreasing interest rates towards the end of 2018, are still causing industrial and auto companies to pull back strongly on spending. In recent months, the steel industry has suffered from holding high inventories throughout the