MethodologyContact usLogin
Read on for some highlights from our US ferrous scrap market survey for November or click here to download your copy of the full US scrap trends outlook.
The US ferrous scrap market outlook for November remains stable, with the trend indicator at a moderate 53.5, signaling expectations for modest price increases through the month. That translates to an expected 3.0% price rise in November, signaling a continued balance in supply conditions. The looming presidential election appears to have influenced the immediate pricing dynamics.
Still slow business in construction and automotive; waiting for the US elections. Survey participant
Still slow business in construction and automotive; waiting for the US elections.
Survey participant
The overall consensus is high at 62%, suggesting a reasonable level of agreement among market participants about the direction. Buyers and brokers hold neutral stances, each posting a reading of 50, while sellers indicate a slightly more optimistic outlook with a reading of 60.4, suggesting stronger anticipated demand on the selling side.
This market stability may persist unless unexpected shifts arise from post-election policy changes or sudden supply chain interruptions, making the end of the year an uncertain but potentially stable period for scrap prices.