Sources inform SteelOrbis that early trading for US domestic scrap in the week-ended November 3 trended up compared to October settled prices. Scrap trades in the East coast, Southeast and Midwest have been reported up by $20/gt ($20/mt) on shredded and $10/gt ($10/mt) on prime grades. The US domestic market is expected to continue trading into the week beginning November 5, and SteelOrbis will report settled prices.
On October 11, SteelOrbis reported an expectation of a positive trend of $10-20/gt ($10-20/mt).
SteelOrbis reported October scrap settled prices for the East coast and Midwest.