Markets Snippet: May
Submitted by Vinod Singh
16
May
2016
Scrap commodity prices took a nice step forward this month. Almost every grade moved up, especially mixed paper.
There is some speculation in the scrap industry that the coming holidays (Memorial and Fourth of July) are increasing demand, and the harsh weather in Texas and Oklahoma has limited domestic supply.
I do not want to jinx it and call it a trend, but we have seen stronger gains in pricing the last few months, especially in May 2016.
Prices continue to be lower than we would like, but at least in May there is more good news.