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    Analysis

    February 9, 2025

    Final Thoughts

    Written by Ethan Bernard

    There’s no doubt that the ferrous scrap market is dynamic and of great importance to our subscribers. That’s why at SMU we have made the decision to add a scrap survey to complement our current steel survey. And we’ll also be expanding our scrap coverage to help keep you up to date on all the twists and turns in the market.

    With over two-thirds of US steel production coming from EAFs, intel about scrap has never been more crucial. Add in things like a potential tariff on Canada, whose scrap flows influence the US market, and one on Mexico for good measure, and things really get interesting.

    Ethan Bernard

    Ethan Bernard is managing editor for Steel Market Update. He previously worked for American Metal Market as a copy editor in the New York office for two years, starting in 2008. Later, he copy edited AMM’s monthly magazine on a freelance basis from 2015 until 2017. With experience in financial copywriting and textbook publishing, he holds a BA in Comparative Literature from UC Berkeley, and an MFA in Creative Writing from New York University. He can be reached at ethan@steelmarketupdate.com or 724-759-7871.

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