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.
Stephen Miller reports the US domestic scrap market is on the verge of setting prices for October, although wide-scale buying is still in progress.
SMU’s Current Sentiment Index for scrap decreased this month, a move mirrored by our Future Sentiment Index, according to the latest data from our ferrous scrap survey.
SMU’s October ferrous scrap market survey results are now available on our website to all premium members.
In the Americas, the ongoing conversion to EAF melting is driving demand for prime grades of scrap and increased use of ore-based metallics
The ferrous scrap market is still searching for clues about the direction of the October market.
Recycler BL Duke announced on Wednesday the launch of its new steel turnings containment building in Joliet, Ill.
There are divergent views among market participants about the direction of scrap prices as we head into October.
There have been developments in the ferrous scrap export market in the Atlantic Basin over the past week that point to weakness in the near future.
When will we see prime scrap become scarce as the worldwide transition to EAF melting increases, especially for HRC production? It's a question I've been asked a lot.
The price spread between prime scrap and hot-rolled coil (HRC) narrowed by a hair this month, according to SMU’s most recent pricing data.
Comments from participants of our Ferrous Scrap Market Survey.
US busheling scrap prices have declined this month, while shredded and HMS tags have remained unchanged, according to market sources.
SMU’s current Scrap sentiment index increased this month while future sentiment declined, according to our latest ferrous scrap survey data.
SMU’s September ferrous scrap market survey results are now available on our website to all premium members.
The scrap market in the US for September shipment has started to settle, with busheling seen down so far.
Private equity firm FalconPoint Partners has acquired SMS, an industrial service provider.
The export market is looking for direction based upon the latest scrap purchases from Northern Europe by Turkish steelmakers. The sentiment was looking bearish, but sellers may see it differently.
The question among scrap players is can the market hold its level in the face of coming mill outages? Opinions are divided on the subject.
Australia-based global recycler Sims Ltd. has a rosy long-term outlook, while the company said tariffs are supporting US demand for ferrous scrap.
Rep. Haley Stevens (D., Mich.) has announced the relaunch of the bipartisan Congressional Recycling Caucus.
Prices remain subdued in US pig iron market, sources said.
The CRUmpi rose by 0.8% month over month (m/m) to 286.1 in August, following four consecutive months of decline. Scrap prices showed mixed trends across major regions, largely influenced by local supply-and-demand dynamics, government policies, and the relative strength of finished steel markets. US prices were stable while Europe and Asia saw price increases, but […]
The US scrap export market has traded sideways or slightly less for about 60 days, with no real firmness in sight.
The price spread between prime scrap and hot-rolled coil (HRC) narrowed in August, according to SMU’s most recent pricing data.
The US ferrous scrap market remains in doldrums.
The scrap market traded sideways again in August with little change expected in September, according to sources.
Current and future scrap sentiment indices declined this month, according to SMU’s latest ferrous scrap survey data.
SMU’s August ferrous scrap market survey results are now available on our website to all premium members.
The ferrous scrap market for August appears to be settling sideways as the threats posed to the market in July have not materialized.