Raw Materials
November 4, 2025
Written by Laura Miller
| Third quarter ended Sept. 30 | 2025 | 2024 | Change |
|---|---|---|---|
| Net sales | $487.0 | $490.1 | -0.6% |
| Net earnings (loss) | $22.2 | $30.7 | -27.7% |
| Per diluted share | $0.26 | $0.36 | -27.8% |
| Nine months ended Sept. 30 | |||
| Net sales | $1,357.1 | $1,449.4 | -6.4% |
| Net earnings (loss) | $41.4 | $72.2 | -42.7% |
| Per diluted share | $0.48 | $0.85 | -43.5% |
The scrap market for October is looking for direction as some participants on both sides of the furnace are indicating scrap prices are poised for an increase.
Every month, SMU polls participants in the ferrous scrap market on a variety of topics. These include prices, business conditions, and tariffs, among others.
SMU’s Current and Future Scrap Sentiment Indices fell in September, according to the latest data from our ferrous scrap survey.
The spread between domestic hot-rolled (HR) coil and prime scrap prices continued to widen in September. It is now up for a 12th straight month, and at the widest gap since January 2022.
The prices for export scrap from the US East Coast jumped by $5 per metric ton (mt) on recent sales.