September Blog

Scrap metal is feeling the pressure from Steel mill maintenance shut downs, lack of demand for new steel, and continuing imports of steel and scrap steel. The lack of demand for scrap steel in September could have a negative effect on scrap prices for the next few months. We expect prices to fall $20 or more in September. Some steel mill scrap buyers are predicting prices to fall $60 by the end of the year. We hope they are wrong!