October scrap tags inch up, market past bottom?

Scrap prices ticked up in October outside of Chicago and Detroit, scrap sources told SMU.

“There is no doubt in my mind that we are past the bottom of this year’s scrap market at this point,” one scrap source said. “Whether we move higher in November or have to wait until December is the question.”

Busheling
Ferrous Scrap
HMS
Shredded Scrap

Ethan Bernard

Ethan Bernard is managing editor for Steel Market Update. He previously worked for American Metal Market as a copy editor in the New York office for two years, starting in 2008. Later, he copy edited AMM’s monthly magazine on a freelance basis from 2015 until 2017. With experience in financial copywriting and textbook publishing, he holds a BA in Comparative Literature from UC Berkeley, and an MFA in Creative Writing from New York University. He can be reached at ethan@steelmarketupdate.com or 724-759-7871.