Features

SMU scrap market survey results now available
Written by David Schollaert
September 8, 2025
SMU’s September ferrous scrap market survey results are now available on our website to all premium members. After logging in at steelmarketupdate.com, visit the pricing and analysis tab and look under the “survey results” section for “ferrous scrap survey” results.
Past scrap survey results are also available under that selection. If you need help accessing the survey results or if your company would like to have your voice heard in our future surveys, contact info@steelmarketupdate.com.


David Schollaert
Read more from David SchollaertLatest in Features

Final Thoughts
We moved our pricing momentum indicators from “lower” to “neutral” for all sheet products this week. For those keeping score, we had been at “lower” for six weeks. And I know some of you think we should have been there for even longer.

AISI: Raw steel production ticks back up
Raw steel production has stayed historically strong over the past four months, holding near multi-year highs since June.

Metallus and United Steelworkers extend contract, negotiate new terms
Metallus and the United Steelworkers (USW) union extended their contract to Oct. 15 as talks continue on a new labor deal.

Final Thoughts: The long shadow of Ken Iverson
Renowned Nucor Chairman and CEO Ken Iverson would’ve turned 100 on Sept. 18 of this year.

Price: The U.S. Steel shutdown that wasn’t and a call to stop ‘valuation cheating’
How can the U.S. government block U.S. Steel’s Granite City rolling mill closure without harming other American steelmakers? Reducing imports should be the first step. Foreign producers continue to aggressively target the U.S. market, especially now as they find themselves displaced by Chinese exports.