Ferrous scrap export market picks up
There has been renewed activity in the Turkish deep-sea export arena as buyers continue to fill in their September needs.
Category: Raw Materials
SMU scrap prices stagnant in August
SMU’s scrap prices remained largely flat to down in August as demand remains steady.
Ferrous scrap market chatter this month
A sampling of responses and slides from our most recent ferrous scrap market survey.
SMU Scrap Survey: Current and Future Sentiment accelerate
SMU’s Current Sentiment Index for scrap jumped in August as Future Sentiment saw a sharp rebound, according to the latest data from our ferrous scrap survey.
That's a wrap! A look back at the August scrap settlement
After a brief delay in regional scrap buying, things are now virtually complete. There was some suspense during the middle of the week that a surprise in scrap prices from the larger mills was in store. Ultimately, however, nothing very dramatic happened.
Great Lakes ore shipments flat in July
The US-flag Lake Carriers Association reported steady iron ore trade on the Great Lakes in July.
SMU scrap market survey results now available
SMU’s August ferrous scrap market survey results are now available on our website to all premium members.
US scrap market stalls as mills delay August pricing
The US domestic scrap market seemed to get off to a fast start on Tuesday, but things have begun to get drawn out again as mills are still considering August pricing. Several of the larger multi-mill buyers have not officially settled.
Scrap market participants predict early settle at sideways or lower numbers
The August domestic scrap market looks like it might settle early amid continued strong demand for melting stock from domestic steelmakers and high prices for finished steel.
MagIron presses forward with pig iron production plans
MagIron LLC has taken a major step forward in its quest to establish itself as the first large-scale US merchant pig iron producer.
SunCoke reports strong rebound in second quarter
SunCoke Energy's second-quarter financial report showed strong sequential and year-over-year improvements.
Final Thoughts: Scrap trends in the international market
A look at trends in the international scrap market.
Commerce sets initial duties in graphite electrode subsidy case
The Commerce Department has preliminarily assigned significant countervailing duties (CVDs) in the trade case investigating large-diameter graphite electrode imports from China and India.
Miller on Pig Iron: What's the result after USTR ruling?
The US Trade Representative (USTR) exempted Brazilian pig iron from Section 301 tariffs for faced labor concerns, so what's the story now?
AMU Survey: Recyclers turn more cautious
AMU’s July survey found recyclers expecting lower prices as demand softened, while forward scrap supply views remained mixed.
GrafTech narrows Q2 loss, expects 'modest' graphite electrode demand growth
GrafTech International’s net loss narrowed in the second quarter as the company expects a modest increase in demand for graphite electrodes in 2026.
Steel, raw materials exempted from finalized forced labor 301 tariffs
Steel and many steelmaking raw materials have been spared from additional forced labor Section 301 tariffs.
Export scrap market for Turkey springs back
The export market for scrap for Turkey has come back to life over the last week.
Goncalves: Cliffs in no rush on POSCO deal or asset sales
Cleveland-Cliffs President and CFO Celso Goncalves said no deal was imminent between the company and South Korean steelmaker POSCO because of disagreements over valuation.
Miller on Pig Iron: Brazilian trade with US picks up
The Brazilian pig iron trade with the US has resumed after a month of inactivity.
SDI backs strong trade policy, says US scrap supply 'ample'
Steel Dynamics Inc.'s (SDI's) executives said they are working with the current administration towards keeping a robust trade policy that favors US products, and that scrap supply in the US remains "ample."
Miller on Scrap: Heading for another sideways month?
A mid-month look at the developing US August scrap market.
SDI posts higher Q2 profits on record shipments, sees good times rolling into 2027
Steel Dynamics Inc. posted sharply higher profits on record quarterly shipments and predicted the good times might continue to roll into 2027.
Pig iron gets exemption from new Section 301 tariffs on Brazil
The Office of the US Trade Representative has finalized a 25% Section 301 tariff on all goods imported from Brazil. Importantly for the US steel industry, pig iron has received an exemption from the tariff.
HRC vs. prime scrap widens again in July
The spread between domestic hot-rolled coil and prime scrap prices widened further in July, a trend that started back in September. It’s at its widest level since April 2022.
North American Iron announces funding for pig iron project
North American Iron Inc. has announced it has secured additional financing in order to advance its project to convert iron ore tailings into merchant pig iron.
Mesabi Metallics logs first production blast at iron ore mine
Mesabi Metallics Co. has announced the successful completion of its first production blast at its iron ore mine in Nashwauk, Minn.
SMU's scrap tags settle soft sideways in July
SMU’s scrap prices came in soft sideways in July, according to market sources.
Brazilian pig iron, tariff stacking at center of Section 301 fight
Testimony at last week’s Section 301 hearing put Brazilian pig iron in the spotlight. Domestic steelmakers and Brazilian suppliers warned that proposed forced labor tariffs would hit a critical US input for which there is no domestic substitute.
US scrap tags end up soft sideways in July
The US scrap market has settled soft sideways in July, sources told SMU.