Scrap Posts Final

Scrap Posts Final

Chicago shredded scrap posted final today for March at $450/ton…. No change from February. The non-movement was expected in recent weeks as scrap flows improved with the weather throughout much of the country. Mills are likely going to try to maintain current pricing moving forward, as they will face some headwind with import arrivals and an improving overall supply picture. The non-movement in scrap will help their argument. Expectations for scrap moving forward are likely downward pressure in the months ahead, and mills will be satisfied if able to hold the line on price for the time being.

We will continue to keep you posted on developments that affect rebar. In the meantime, have a great weekend!