US scrap market digging out from bad winter
The US scrap market is looking to emerge from a bad winter that has affected both inbound and outbound flows of material since December.
Tag: Ferrous Scrap
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 export market loses steam
The export scrap market from both North America and Europe has quieted down over the last week.
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.
Tampa Steel Conference: Omnisource, Strategic Resources on raw materials, trade and scrap
Strategic Resources also discussed its project in Quebec, which will include a 4-million-ton/year DRI-quality iron ore pelletizer. It also plans to build a plant to produce DRI, then convert it to pig iron in an EAF.
Sims acquires assets of Tri Coastal Trading
Sims Ltd. said on Monday it has acquired the assets of Tri Coastal Trading (TCT), Houston, for $66.5 million in cash.
SMU Scrap Survey: Current Sentiment rises, Future Sentiment stable
SMU’s Current Sentiment Index for scrap jumped again in February, according to the latest data from our ferrous scrap survey. And the Future Sentiment Index remained the same for the third consecutive month.
Final Thoughts
SMU's ferrous scrap survey celebrates its one-year anniversary this month.
US scrap market mostly settles up $20-30 for February
The US domestic scrap market is largely settled on February pricing. Despite poor weather conditions that have been wreaking havoc on scrap flows and deliveries to consumers, the pricing initially agreed between dealers and steelmakers has been fairly conservative.
Ferrous scrap market chatter this week
Market participant comments from this month's SMU ferrous scrap survey.
SMU scrap market survey results now available
SMU’s February ferrous scrap market survey results are now available on our website to all premium members.
Ferrous scrap export market sees growth
The export market from the US and Canada has held firm, while slightly strengthening ahead of the domestic buying for February shipment.
Pig iron market on the rise
The pig iron market has entered an upward phase now that ferrous scrap in both Europe and North America has also been increasing in price.
Extreme weather hits US scrap market
The US scrap market has come under pressure due to the extremely debilitating winter weather across the eastern half of the country.
Miller on Raw Materials: Russian HBI cargo seized in Italy
The Italian authorities have seized a Russian cargo of hot-briquetted-iron (HBI) for violating European sanctions on Russian ferrous imports, according to media reports.
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,
Scrap export mart gains momentum to start 2026
The export markets in the Mediterranean Basin have shown firmness over the last month and have started to build in the first half of 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.
Ferrous Scrap Market Chatter in January
A look at some of the results from SMU's January scrap market survey.
SMU Scrap Survey: Current Sentiment rises, Future Sentiment stable
SMU’s Current Sentiment Index for scrap continued to climb this month, according to the latest data from our ferrous scrap survey. However, the Future Sentiment Index remained unchanged.
SMU scrap market survey results now available
SMU’s January ferrous scrap market survey results are now available on our website to all premium members.
January scrap market partially settles up $20-30
The formation of the domestic scrap market for January shipments is underway and only partially settled as of this article's publication. The main point of contention is the price of #1 busheling and bundles.
Winter weather a factor as scrap market debates January pricing
There is disagreement over whether prices will increase meaningfully going into the new year. Prices did see a small increase in December, but several sources SMU has contacted have told us they are hearing price rises may be limited compared to past years.
Final Thoughts: US-Canada scrap flows set for change?
Canadian steelmaker Algoma's plans to bring forward the scheduled full transition to electric-arc furnace (EAF) steel production by one year merits a revisit. Why? Because of its potential impact on ferrous scrap flows between the US and Canada.
HRC vs. prime scrap spread continues to widen in December
The price spread between hot-rolled coil and prime scrap has widened for the third consecutive month in December, based on SMU’s most recent pricing data.
Final Thoughts
Let's take a look inside the last SMU Scrap Survey of 2025.
US scrap tags increase in December
US ferrous scrap prices have picked up in December, sources told SMU.
SMU Scrap Survey: Sentiment Indices rise in December
SMU’s Current and Future Sentiment Indices for scrap increased this month, according to the latest data from our ferrous scrap survey.