Steady or Sluggish?

As much of the country endured a heat wave in July, ferrous scrap prices reacted by staying virtually motionless, shifting by only a few dollars per ton compared with the month before. Steel mill buyers of ferrous scrap on the spot market continued to pay more than $500 per ton for prompt grades in July, according to the Raw Material Data Aggregation Service (RMDAS) of Management Science Associates (MSA), Pittsburgh. National price averages for three of the largest grades tracked by RMDAS each increased by fewer than $5 per ton in July compared with June

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Steady or Sluggish?