Ferrous Scrap
Introducing the RMU survey
Written by Gabriella Vagnini & Stephen Miller
August 2, 2024
Editor’s note: Recycled Metals Update (RMU), SMU’s sister publication, conducts a monthly survey that is broadly similar to the one SMU conducts every two weeks about the steel market. Some highlights of the latest RMU survey are below.
If you would would like to participate in RMU surveys, please contact Gabriella Vagnini at Gabriella.Vagnini@crugroup.com. If you are interested in subscribing to RMU, please contact Luis Corona at Luis.Corona@crugroup.com.
Note that a version of the article below appeared first in RMU. You can visit RMU’s homepage here to learn more.
Gabriella Vagnini
Read more from Gabriella Vagnini
Stephen Miller
Read more from Stephen MillerLatest in Ferrous Scrap
HRC vs. scrap spread continues to widen in September
The price spread between hot-rolled coil (HRC) and prime scrap widened again in September, according to SMU’s most recent pricing data.
September scrap prices come in flat, higher tags seen by end of ’24
September scrap prices came in a soft sideways, with only mild hopes for a higher October, market sources said.
PADNOS acquires three Midwest scrap operations
Industrial recycler PADNOS announced its acquisition of three scrap operations in the Midwest.
RMU: Ferrous scrap mills have entered September market
Great Lakes-area mills have entered the September ferrous scrap market in a surprisingly prompt manner.
Steel Summit 2024: What’s driving scrap prices?
“It's been a very interesting year in that the price of scrap should have gone down earlier this year."