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    February 11, 2025

    Ferrous scrap tags soar in February on tight supply

    Written by Ethan Bernard

    Ferrous scrap prices jumped this month, with a waiting game now in effect to see how newly announced US tariffs will impact the market.

    One source commented that this month settled “broadly higher from January’s levels on tight supply and decent domestic mill demand.”

    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.

    Read more from Ethan Bernard

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