SMU April scrap tags flat on prime, down $20 on shredded and HMS
US scrap prices came in flat on busheling in April, while shredded and HMS both traded down, sources told SMU.
Tag: Ferrous Scrap
Brazilian pig iron market gaining strength
The pig iron market in Brazil continues to rise, despite US scrap prices trading sideways to down for April.
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.
Miller on Scrap: Will scrap tags fall in April?
Winter is over now and the scrap landscape is looking a bit less challenging.
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.
Export prices gain as Turkish steelmakers re-enter market
Turkish steelmakers entered the scrap market after returning from the Ramadan holiday.
Turkish scrap export market begins to take shape
The bulk scrap export market into Turkey is starting to form after several weeks of inactivity.
US ferrous scrap market still affected by weather
The weather is still influencing the recycled metals market as we head into spring, sources say.
SMU Community Chat: SA Recycling's Adams 'overflowing' vision for US
SA Recycling's CEO George Adams couldn't be more upbeat about American industry.
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.
US scrap export market roiled by Middle East unrest
The state of the US export market for recycled ferrous scrap is in extreme flux due to events of the last 10 days.
Tenaris closes on Beaver Falls, Pa., scrapyard deal
Tenaris has closed on its buy of a Beaver Falls scrap processing yard in Pennsylvania.
Ferrous scrap market chatter this month
Market participant comments from this month's SMU Ferrous Scrap Survey.
SMU Scrap Survey: Current Sentiment ticks up, Future Sentiment flat
SMU’s Current Sentiment Index for scrap inched up in March, according to the latest data from our ferrous scrap survey. Meanwhile, the Future Sentiment Index remained locked at the same level for the fourth consecutive month.
SMU scrap market survey results now available
SMU’s March ferrous scrap market survey results are now available on our website to all premium members.
Join SMU for a Community Chat on Wednesday with SA Recycling CEO George Adams
Join SMU and AMU for a Community Chat on Wednesday, March 11, at 11 a.m. ET with George Adams, CEO of SA Recycling.
US scrap market seen sideways in March
The US domestic ferrous scrap buying for March shipment is wrapping up this week, with many sources reporting a sideways outcome.
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.
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.