Scrap prices across US and Europe at a two-year high

Thursday, December 29,

Scrap – US prices rise by $28; European prices rise by $35 and European shredded scrap prices rose 8% to reach a two-year high of $441.

Prices have risen $70 or 19% over the past month. US prices also rose, by $28 or 7% to reach a two-year high of $431.

Should current prices remain unchanged for the remaining of Q4, the QoQ price increase for Europe in Q4 would be $24, or 7%.