Scrap Prices North America
Holiday Notice: Christmas and New Year
Written by Brett Linton
December 22, 2022
Steel Market Update is taking some time off for Christmas and the New Year.
Our last issue of 2022 will be published on Thursday, Dec. 22. Our offices will be closed the week of Dec. 26-30, as well as on Monday, Jan. 2.
In addition, we will not update prices on Tuesday, Dec. 27.
We will resume our regular publication schedule, as well as our regular pricing, on Tuesday, Jan. 3.
We appreciate your business, and wish all the best to you and yours.
By Brett Linton, Brett@SteelMarketUpdate.com
Brett Linton
Read more from Brett LintonLatest in Scrap Prices North America
RMU: The most underappreciated scrap grade
Over the last several years, I have noticed widening spreads between #1 Heavy Melting Steel (ISRI 201) and Shredded (ISRI 210,211), as well as Plate & Structural (ISRI 232).
Domestic scrap tags flat in April
April scrap prices came in sideways in the US, sources told SMU.
RMU: Interest rates, weather hit Radius Recycling’s earnings
Low manufacturing activity and higher interest rates took a toll on Radius Recycling’s profits during the Oregon-based company’s most recent quarter. Radius reported a net loss of $34 million, or $1.19 per share, during its fiscal second quarter. In the previous quarter, Radius saw a net loss of $18 million, or 64 cents per share.
RMU: Northern buyers enter April scrap market sideways
Several large buyers in the North came into the market on a sideways basis from prices paid in March. The development comes after recent speculation about what prices US-based steelmakers would pay for scrap for April shipments.
Miller on scrap: Market seeks direction ahead of April buy
On the eve of the April ferrous scrap buy, there is no firm consensus on the market’s direction. The safe predictions are “soft” sideways to “strong” sideways. That may mean down $10 per gross ton (gt) to up $10/gt.