Category: Ferrous Scrap

There are divergent views among market participants about the direction of scrap prices as we head into October.

There have been developments in the ferrous scrap export market in the Atlantic Basin over the past week that point to weakness in the near future.

Comments from participants of our Ferrous Scrap Market Survey.

US busheling scrap prices have declined this month, while shredded and HMS tags have remained unchanged, according to market sources.

SMU’s current Scrap sentiment index increased this month while future sentiment declined, according to our latest ferrous scrap survey data.

The scrap market in the US for September shipment has started to settle, with busheling seen down so far.

The export market is looking for direction based upon the latest scrap purchases from Northern Europe by Turkish steelmakers. The sentiment was looking bearish, but sellers may see it differently.

The question among scrap players is can the market hold its level in the face of coming mill outages? Opinions are divided on the subject.

Australia-based global recycler Sims Ltd. has a rosy long-term outlook, while the company said tariffs are supporting US demand for ferrous scrap.

Rep. Haley Stevens (D., Mich.) has announced the relaunch of the bipartisan Congressional Recycling Caucus.

The CRUmpi rose by 0.8% month over month (m/m) to 286.1 in August, following four consecutive months of decline. Scrap prices showed mixed trends across major regions, largely influenced by local supply-and-demand dynamics, government policies, and the relative strength of finished steel markets. US prices were stable while Europe and Asia saw price increases, but […]

The US scrap export market has traded sideways or slightly less for about 60 days, with no real firmness in sight.

The price spread between prime scrap and hot-rolled coil (HRC) narrowed in August, according to SMU’s most recent pricing data.

The US ferrous scrap market remains in doldrums.

The scrap market traded sideways again in August with little change expected in September, according to sources.

Current and future scrap sentiment indices declined this month, according to SMU’s latest ferrous scrap survey data.

The ferrous scrap market for August appears to be settling sideways as the threats posed to the market in July have not materialized.

The ferrous scrap export market off the US East Coat and Gulf Coast has remained basically sideways over the last month. This mirrors the lack of movement in the US domestic market.

Most market players are hedging their forecasts until the tariffs on imported raw materials are settled. Even then, some are positing the August market will trade sideways.

Divergent opinions emerge on August's scrap outlook.

Turkish scrap prices were unchanged week over week (w/w), with HMS and Shredded grades assessed at $340 and $355 per metric ton (mt) CFR, respectively.

President Trump's threatened tariffs on Brazil, USMCA partners, and Europe could shake up the scrap and pig iron markets in August.

Japan’s Toyota Tsusho Corp. has completed its previously announced acquisition of Radius Recycling.

Ferrous scrap prices are flat in the US for a second consecutive month, but tariffs on imports of Brazilian pig iron could change the game in August.

Ferrous scrap export activity has picked up steam.

Stronger steel demand in the Western US, rising scrap flows, and improved rolling mill utilization drove sequential gains for Portland, Ore.-based Radius Recycling.

Summer doldrums hit the US ferrous scrap market.

Freight rates have risen $30-$50 on transatlantic cargoes, depending on the final destination.

Ferrous scrap sentiment picks up.

Scrap Management Industries (SMI) has purchased two recycling facilities in Kansas.