Scrap Metal Market Continues to Show Weakness

With no real catalyst to drive prices higher, the scrap metal market continues it downward spiral with no clear end in sight. Inventories remain high, uncertainty with regard to the US-China trade war remains and global slowness persists. While there appears to be some movement with regard to trade talks between the US and China, as more talks are planned in the next few weeks, outside of any positive outcome regarding trade, softness in scrap likely will remain into the end of the year.