US May scrap price outlook improves, sources say
The US domestic scrap market for May is forming a lightly bullish consensus opinion among the seller community.
Tag: Busheling
HRC vs. busheling spread continues to widen in April
The spread between domestic hot-rolled coil and prime scrap prices widened again in April, a trend that started back in September.
April scrap market settles with shredded, obsolete down $10-20/gt and prime sideways
The US scrap market has largely settled at prices most predicted in late March. The prevailing view then: shredded and other obsolete grades, like HMS, would drop $10-20 per gross ton (gt) despite higher transportation costs. And prime grades, like #1 busheling and bundles, would trade sideways thanks to better demand and static supply. This is essentially what has happened.
Letter to the editor: Thoughts on the April scrap settlement
Since the middle of March I have been hearing that April scrap prices are going to be going down $20-$30 per gross ton (gt), with the exception of prime scrap, which is going to be sideways.
Steelmaking raw material prices increase through March
Prices for iron ore, aluminum, pig iron, and shredded scrap have all risen in the last 30 days. Busheling scrap held steady, while zinc and coking coal declined.
HRC vs. prime scrap spread widens further in March
The spread between domestic hot-rolled coil and prime scrap prices widened in March, marking a six-month trend.
US scrap tags land sideways in March, outlook for April soft
The US scrap market softened in March as most grades traded sideways, with prices seen falling next month, sources told SMU.
HRC vs. prime spread widens in February
The spread between domestic hot-rolled coil and prime scrap prices widened slightly in February. It has been trending in that direction since October.
US scrap prices increase in February, sources say
US ferrous scrap prices continued to rise in February, scrap sources told SMU.
US scrap prices rise in February after January weather
US ferrous scrap prices rise in February.
Steelmaking raw material prices increase through January
All but one of the steelmaking raw materials we track increased in price over the last month
Will February bring a large price bump to ferrous scrap mart?
Speculation has already begun on what February has in store for the US scrap market after it rose $20-30 per gross ton (gt) in January,
HRC vs. prime spread widens further in January
The price spread between domestic hot-rolled coil and prime scrap widened for a fourth consecutive month in January, based on SMU’s most recent pricing data.
US ferrous scrap prices rise across board in January
Ferrous scrap prices jumped on all the products SMU tracks in January, scrap sources said.
HRC vs. prime spread widens again in November
The price spread between HRC and prime scrap has widened for a second month, based on SMU’s most recent pricing data.
November scrap tags settle sideways, sources say
November ferrous scrap prices landed even with October as the market settled, sources told SMU.
Miller on Scrap: Analyzing the November market from different angles
Since the October prices came out there have been a variety of speculative opinions on what the November looks like from several sources SMU regularly contacts.
Busheling and shredded tags drop, widening HRC vs. prime scrap spread
US scrap prices fell on busheling and shredded in October, while HMS remained flat, market sources told SMU.
US mill buys two cargoes of Brazilian pig iron down from Sept prices
SMU spoke with a large channel in Brazil who confirmed his company sold a cargo of 50,000 metric tons (mt) to a US buyer at $383/mt FOB Brazil. That's down $12/mt from the last cargo sold in September.
October scrap market settles with bush down $20, shred down $10
Most mills sought a drop of $20-40 per gross ton (gt) in busheling prices and a $20/gt dip for shredded and HMS. Despite efforts to buy cheaper, the busheling price settled at down only $20/gt.
October scrap market still up for grabs
The ferrous scrap market is still searching for clues about the direction of the October market.
Scrap market chatter in September
Comments from participants of our Ferrous Scrap Market Survey.
Prime scrap prices slip for September, other grades sideways
US busheling scrap prices have declined this month, while shredded and HMS tags have remained unchanged, according to market sources.
SMU Scrap Survey: Current Sentiment rises as Future Sentiment falls
SMU’s current Scrap sentiment index increased this month while future sentiment declined, according to our latest ferrous scrap survey data.
September scrap buying underway, busheling down
The scrap market in the US for September shipment has started to settle, with busheling seen down so far.
HRC vs. busheling spread narrows in August
The price spread between prime scrap and hot-rolled coil (HRC) narrowed in August, according to SMU’s most recent pricing data.
US scrap prices land flat in August
The scrap market traded sideways again in August with little change expected in September, according to sources.
August scrap market seen poised for sideways move
The ferrous scrap market for August appears to be settling sideways as the threats posed to the market in July have not materialized.
HRC vs. busheling spread widens again in July
The price spread between prime scrap and hot-rolled coil widened marginally again in July.
US scrap tags sideways, but will tariffs on Brazil lift prices in August?
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.