Product
December 4, 2024
Written by Ethan Bernard
The ferrous scrap market hasn’t settled yet for December, but sources say mills are looking to push scrap prices down by $20-30 per gross ton (gt) as most mills want to reduce scrap inventories going into next year.
There is speculation the market could settle this week.
Alter Trading Corp. has purchased the operating assets of Iron and Metals Inc., located in Denver.
The latest tally of active drilling rigs increased in both the US and Canada this week, according to oil and gas rig count data published by Baker Hughes.
The US Commerce Department has raised the anti-dumping duties (AD) on imports of oil country tubular goods (OCTG) from South Korea.
ArcelorMittal told the government of Ukraine that it is unable to restart operations at its ArcelorMittal Kryvyi Rih steel plant in a “safe and sustainable manner” following Russian missile attacks.
The import market for pig iron may have bottomed out, according to sources in Brazil.