Sept Shredded Scrap Posts Final – Sideways
Chicago Shredded Scrap Posted final for September unchanged from August at $420/ton. This non-move was expected by most, as supply and demand on the raw materials front remain relatively in balance. Not surprisingly, this does very little to motivate domestic mills on pricing as we move forward into September. Mills will likely continue to try and play “status quo” on pricing through the month of September.
We will continue to keep you posted on developments affecting the rebar market. Have a great week!
