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    March 14, 2025

    Ferrous scrap tags rise amid short supply, tariff volatility

    Written by Ethan Bernard

    Ferrous scrap prices rose across the board this month as the market adapted to short supply and the volatile tariff situation, sources told SMU.

    “It’s quite a trade to try to wrap up,” one source told SMU. He said the March trade “started with a lot of excitement and expectations from dealers for markedly higher prices.”

    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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