Ferrous Scrap

Bipartisan Congressional Recycling Caucus gets relaunch
Written by Ethan Bernard
August 20, 2025
US Rep. Haley Stevens (D-Mich.) has announced the relaunch of the bipartisan Congressional Recycling Caucus.
Stevens will act as co-chair of the Caucus, along with Reps. David P. Joyce (R-Ohio), Chellie Pingree (D-Maine), and Marinette Miller-Meeks (R-Iowa).
The Recycling Caucus was founded in 2006. It promotes policies that “boost both the economy and the environment, tackle persistent challenges in managing recyclable materials, and cement US leadership in the global circular economy,” according to a statement from Rep. Stevens’ office on Aug. 13.
The release stated that the US recycles only 21% of recyclable materials, “with only 43% of households participating and 37% of multi-family units having access to recycling at all.”
“Hitting the Environmental Protection Agency’s target of a 50% national recycling rate by 2030 will take a major investment to bring America’s recycling into the modern era,” the release said.
Recycling value
Rep. Stevens highlighted the importance of the recycling industry to the state of Michigan and the broader US economy.
“In Michigan alone, the industry generates nearly $5 billion annually and supports thousands of good-paying jobs across sectors,” she said.
“As co-chair of the bipartisan Recycling Caucus, I’m committed to advancing circular solutions for everything from industrial metals to plastics to hard-to-reach recyclables,” Stevens added.
ReMa cheers
The Recycled Materials Association (ReMA) praised the relaunch of the Caucus.
“The recycled materials industry is thrilled that another group of lawmakers recognizes that our industry is a critical component of the manufacturing supply chain and the overall economic resilience of the United States,” ReMA President Robin Wiener said in a statement.
The association looks forward to working with the leadership of the Caucus “to strengthen our recycling infrastructure.”
Ethan Bernard
Read more from Ethan BernardLatest in Ferrous Scrap
Cliffs offloading some FPT assets, considering HBI plant sale as well
Lourenco Goncalves confirmed that Cleveland-Cliffs is actively selling off portions of its Ferrous Processing and Trading (FPT) assets. Its direct reduction plant in Toledo, Ohio, may also be up for grabs...
Ferrous scrap export market activity sizzles
There has been renewed activity in the scrap export market in the Mediterranean Basin during the last week. Most of the activity occurred in Northern Europe and the Baltic regions with prices basically staying sideways to up slightly.
Miller on Scrap: Analyzing the November market from different angles
Since the October prices came out there have been a variety of speculative opinions on what the November looks like from several sources SMU regularly contacts.
Busheling and shredded tags drop, widening HRC vs. prime scrap spread
US scrap prices fell on busheling and shredded in October, while HMS remained flat, market sources told SMU.
Obsolete scrap pinned by freight and weak export flows
here has been considerable activity in the export scrap market in the Mediterranean Basin over the last 10 days. Prices have inched up after recovering from a brief dip in September. Prices range from...
