Ferrous Scrap
September scrap buying underway, busheling down
Written by Stephen Miller
September 5, 2025
The scrap market in the US for September shipment has started to settle, with busheling seen down so far.
After three consecutive months of sideways movement, the string has been broken, with some downward movement in prime scrap.
SMU learned an EAF producer with multiple locations entered the market paying down $20 per gross ton (gt) for #1 busheling, while leaving HMS, shredded, and other obsolescent grades sideways.
Sources have said this buyer attempted to procure shredded scrap at down money but could not buy enough and went sideways thereafter.
Shortly after this, most mills fell into place at the same levels: busheling -$20/gt and shredded/HMS sideways.
One of the larger buyers, however, is said to be still attempting to take shredded down $20/gt. It is unclear if this move will be successful.
Stephen Miller
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