... and will lead to higher prices for scrap based steel

The prices for scarp based steel products will continue to increase following the latest developments.
Below you see developments in the scrapping crisis at the London Metal Exchange (LME) from 2 October 2017 through 5 March 2018.

London Metal Exchange, 11th March 2018

The scrap prices reached its highest the highest level in many years(383 USD/tonne).