The ferrous scrap markets are regional. The price increases are for the Mid West.
No price increase here in the Philadelphia/Trenton area.
The Evraz Claymont Delaware steel plant shutting down in December has put a big dent in ferrous scrap demand here.
Most of the yards around here are paying $165 to $170 a ton for shred. There are two yards (one in Levittown PA and one in Camden NJ) paying $200 for shred, but that is not a new price. And both yards only pay $215 a ton for prepared #1 and cast iron.
Need more demand from Turkey and lower yard inflows to drive up East coast prices.
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