US domestic CRC prices have continued to firm since our last report a week ago, from an average of $33-$34 cwt. ($728-$750/mt or $660-$680/nt), ex-mill, to an average of $33.50-$34.50 cwt. ($739-$761/mt or $670-$690/nt), ex mill.
The additional uptick comes on the heels of mills’ second announced $2.00 cwt. ($44/mg or $40/nt) increase.
Higher scrap prices during this month buy’s cycle have helped to support higher price points, although it’s currently unclear whether the full increase will be accepted.