SMU scrap tags land sideways in May, slightly up on busheling

US scrap prices were mostly flat in May, with some upside on prime scrap, sources told SMU.

“Overall, the ferrous market is relatively balanced,” one source told SMU. “US demand is strong, export demand is firm and steady, and scrap flows are reasonably even week to week.”

Busheling
Ferrous Scrap
HMS
Raw Materials
Shredded Scrap

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.