Contributor: Stephen Miller

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.

A tariff on Brazilian pig iron could cause great upheaval in the market.

What to look out for regarding ferrous scrap ahead of Steel Summit.

Divergent opinions emerge on August's scrap outlook.

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

Both current and future scrap sentiment jumped this month, though survey participants reported responses before key trade news was announced.

The price spread between prime scrap and hot-rolled coil widened marginally again in July.

The announcement of 50% tariffs on Brazilian imports, including pig iron, could have a dramatic effect on steelmaking raw materials.

The US ferrous scrap market settled sideways in July.

Ferrous scrap export activity has picked up steam.

Will more DRI investment come to the US?

Summer doldrums hit the US ferrous scrap market.

What should you keep your eye on, considering the latest geopolitical events?

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.

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.

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

The US scrap market has traded sideways from May prices in basically one day without any significant descent, sources say. All major steelmakers, with maybe one exception, issued orders at prices paid in May.

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

How have tariff revelations affected the June market?

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.

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.