Tag: Ferrous Scrap

The bulk scrap export market has experienced a great deal of action lately, but that has not resulted in runaway pricing.

The US scrap market is showing some signs of strength in certain regions shortly after the November settlements finalized without detectable resistance.

A Tenaris subsidiary, Steel Recycling Services, has acquired the Beaver Falls, Pa., scrap processing yard of SA Recycling.

The price spread between HRC and prime scrap has widened for a second month, based on SMU’s most recent pricing data.

November ferrous scrap prices landed even with October as the market settled, sources told SMU.

SMU’s Current and Future Sentiment Indices for scrap decreased this month, based on the latest data from our ferrous scrap survey.

A sampling of SMU scrap survey respondent answers from November.

SMU’s November ferrous scrap market survey results are now available on our website to all premium members. After logging in at steelmarketupdate.com, visit the pricing and analysis tab and look under the “survey results” section for “ferrous scrap survey” results. Past scrap survey results are also available under that selection. If you need help accessing the survey […]

The November scrap market in the US is appearing sideways across the board, according to several sources.

The domestic scrap market will start to form as early as next week for November shipment, sources told SMU. Predictions as of now are neither very positive for an increase nor are they negative for a decrease.

Lourenco Goncalves confirmed that Cleveland-Cliffs is actively selling off portions of its Ferrous Processing and Trading (FPT) assets. Its direct reduction plant in Toledo, Ohio, may also be up for grabs...

There has been renewed activity in the scrap export market in the Mediterranean Basin during the last week. Most of the activity occurred in Northern Europe and the Baltic regions with prices basically staying sideways to up slightly.

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.

SMU has successfully completed an external review of all our prices. The review has concluded that they algin with principles set by the International Organization of Securities Commissions (IOSCO).

here has been considerable activity in the export scrap market in the Mediterranean Basin over the last 10 days. Prices have inched up after recovering from a brief dip in September. Prices range from...

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.