The January US ferrous scrap market began to take shape Tuesday, as upward pricing momentum that started in mid-December appeared to persist into the new year.
Based on indicative bids and offers during early January negotiations, Platts raised its daily US shredded scrap assessment Tuesday to $185-$195/lt delivered Midwest mill. The midpoint is up $5/lt day on day and up $15/lt since December 9.
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