A Modest Rebound

Steel mill buyers on the spot market in June returned to paying more than $500 per ton for prompt grades of ferrous scrap, as, after two months of declining in value, ferrous prices rebounded by about $15 per ton during the June buying period. According to the Raw Material Data Aggregation Service (RMDAS) of Management Science Associates (MSA), Pittsburgh, the national average for its prompt industrial composite grade (No. 1 busheling, No.

View post:
A Modest Rebound