Category: Ferrous Scrap

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.

Despite high expectations, the export scrap market has not moved up.

The price spread between HRC and prime scrap widened in June.

Ferrous scrap prices in the US have remained stable from May to June.

Both current and future scrap sentiment as measured by SMU’s Scrap Market Survey are little changed from last month. The relative stability might reflect June’s sideways settlement. Both measures remain below where they were earlier this year.

SMU’s 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 flat-rolled survey results are also available under that selection. If you need help accessing the survey results, […]

If we review the price trends for the last two years, we can see this year’s pattern following a similar path.

How have tariff revelations affected the June market?

Ferrous scrap outlook for June appears on the upswing.

An update on the ferrous scrap market.

A look at the latest developments in the ferrous scrap export market.

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

Domestic scrap prices tumbled across the board in May, but will June prove a bottom for the market?

The US ferrous scrap market for May shipment has basically settled, with the primes grades of #1 Busheling and bundles falling around $30 per gross ton (gt) from April levels. The obsolescent grades of HMS, shredded and plate and structural declined by $40/gt across several regions.

The US scrap market should start to form next week, and the outlook is for another drop in the delivered cost of material.

The domestic ferrous scrap market in the US is generally regarded as under downward pressure.

The ferrous scrap export market has been thinly traded thus far in April in the Atlantic Basin.

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

US scrap prices declined in April for all the grades tracked by SMU amid tariff uncertainty, according to market sources.

Last week, much attention was focused on President Trump’s “Liberation Day” tariffs and rightly so. They have thrown a big wrench into the market-reading business. Whether you are for them or against them, the potential outcomes are hazy, at best. Maybe we should not forget the basics, tariffs concerns notwithstanding. The basics of this ferrous […]

Scrap buyers sound off on prices, demand, etc., in SMU's monthly scrap survey.

MetalX Founder and CEO Danny Rifkin - born in 1954 - died on April 1, surrounded by family.

The price of pig iron for the US market remains firm despite a potential drop in domestic ferrous scrap prices going into April.