Scrap Final for July

Scrap Final for July

Late last week, before the holiday weekend, scrap for July posted at no change from June ($380/ton). This was a relative “non-event,” as most had anticipated no movement heading into July.

It remains surprising that, despite the perceived uptick in demand for finished product in June and recent tariff activity, scrap yards have yet to see a corresponding increase in demand for raw materials from the mills. With raw material costs unchanged, mills will likely base pricing decisions solely on demand and available supply moving forward.

We’ll continue to keep you updated. Have a great week!