Category: Raw Materials

Summer doldrums hit the US ferrous scrap market.

The resistance Brazilian pig iron sellers had shown to accepting lower prices has proved short-lived, sources told SMU.

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.

Brazilian pig iron prices fail to rise after ferrous scrap market settle.

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 is the ferroalloys market in the US faring with the new tariffs.

How have tariff revelations affected the June market?

CRU analysts discuss how downward pressure on the US premium has persisted due to weakness in key consuming sectors, while concerns over zinc supply have been largely alleviated for the time being.

The US mills have managed to reduce pig iron prices to correspond with the sharp declines in domestic scrap prices in May.

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.

Since the US ferrous scrap settlements for May have been finalized, steelmakers are turning their attention to continued pig iron flows with the wind behind their backs.

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 pig iron markets have been quiet for the last several weeks, as tariff implementation on imports into the US became a reality. There has been debate on which party will have to pay the tariff. A recent transaction could provide the answer to that question.

Iron ore prices were largely steady in March, hovering around $100–102 per dry metric ton (dmt) in a quiet market.

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

There are several other tariffs implications concerning the ferrous raw materials sector. In addition to tariffs on DRI/HBI imports, there will be also be a tariff on raw materials imported to domestically based metallics producers. 

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.