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.
Tag: Ferrous Scrap
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.
SMU scrap market survey results now available
SMU’s December ferrous scrap market survey results are now available on our website to all premium members.
US scrap export market gains steam
Major activity in the US scrap export market has occurred, mainly driven by Turkey.
Scrap market sees early settlement signs in short holiday month
A steelmaker in the Southeast has entered the market for shredded, P&S, and HMS at prices of $20/gt over November.
Scrap export market sees activity but no price boom
The bulk scrap export market has experienced a great deal of action lately, but that has not resulted in runaway pricing.
US scrap market picks up steam
The US scrap market is showing some signs of strength in certain regions shortly after the November settlements finalized without detectable resistance.
Tenaris unit buys SA Recycling yard in Pennsylvania
A Tenaris subsidiary, Steel Recycling Services, has acquired the Beaver Falls, Pa., scrap processing yard of SA Recycling.
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.
SMU Scrap Survey: Sentiment Indices decline
SMU’s Current and Future Sentiment Indices for scrap decreased this month, based on the latest data from our ferrous scrap survey.
Scrap Market Chatter in November
A sampling of SMU scrap survey respondent answers from November.
SMU scrap market survey results now available
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 […]
US November scrap market trading flat, sources say
The November scrap market in the US is appearing sideways across the board, according to several sources.
Possible sideways move for ferrous scrap prices in November?
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.
Cliffs offloading some FPT assets, considering HBI plant sale as well
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...
Ferrous scrap export market activity sizzles
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.
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.
SMU successfully completes IOSCO review
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).
Obsolete scrap pinned by freight and weak export flows
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...
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.
Mixed bids, outages, and full inventories cloud October scrap settlement
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 Scrap Survey: Current and Future Sentiment tick down
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 scrap market survey results now available
SMU’s October ferrous scrap market survey results are now available on our website to all premium members.
IIMA meeting: Decarbonization to drive demand for scrap, DRI
In the Americas, the ongoing conversion to EAF melting is driving demand for prime grades of scrap and increased use of ore-based metallics
October scrap market still up for grabs
The ferrous scrap market is still searching for clues about the direction of the October market.
Recycler BL Duke launches steel turnings containment building in Illinois
Recycler BL Duke announced on Wednesday the launch of its new steel turnings containment building in Joliet, Ill.
Opinions split on direction of October scrap market
There are divergent views among market participants about the direction of scrap prices as we head into October.