Ferrous Prices Remain Stable in October

Stability was the most common trait for ferrous scrap prices for the seventh consecutive month, although most grades in most regions experienced a slight downward tilt in October. October spot pricing for ferrous scrap showed slight variations from September, but stayed in the same narrow range in which it has been since April 2011. By late October, some recyclers were expressing concern about declining melt rates at domestic mills, but purchase prices seemed to indicate that demand has been sufficient enough to keep the market stable.

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Ferrous Prices Remain Stable in October