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Ferrous Scrap Survey Results
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Latest news
Steel exports remain weak through July
Following the 17-month high set in June, US steel exports receded 8% in July, according to recently released US Department of Commerce figures. Trade has been historically low for over a year and remains weak compared to 2022-2024 volumes.
Worthington moves closer to full Kloeckner integration
Worthington Steel marked another step in its takeover of Kloeckner & Co.
US plate spot tons scarce, mills flex contract leverage
The US plate market is increasingly challenging. Spot tons remain constrained as demand gains momentum and lead times continue to stretch out—double what they were a year ago.
Ferrous scrap market chatter this month
Every month, SMU polls participants in the ferrous scrap market on a variety of topics. These include prices, business conditions, and tariffs, among others.
SMU Scrap Survey: Current, Future Sentiment Indices decline
SMU’s Current and Future Scrap Sentiment Indices fell in September, according to the latest data from our ferrous scrap survey.
HR-busheling spread stretches again in September
The spread between domestic hot-rolled (HR) coil and prime scrap prices continued to widen in September. It is now up for a 12th straight month, and at the widest gap since January 2022.
US East Coast scrap export prices increase
The prices for export scrap from the US East Coast jumped by $5 per metric ton (mt) on recent sales.
CRU: HR coil futures trading volume surges on trade talks
CME Group’s HR coil futures have had a volatile stretch over the past few weeks.









