US Ferrous scrap price falls $20 per ton

Market participants across Illinois, Indiana and Missouri said several dealers willingly accepted a price drop of $20 per ton across several grades, with shredded sales likely to shed even more ground when the dust has settled.

An earlier expectation that prime grades would not drop as much as obsoletes and shredded, due to a rumoured supply tightness, has not held true in early sales, according to several sources.