Steel Dynamics Inc.'s (SDI's) executives said they are working with the current administration towards keeping a robust trade policy that favors US products, and that scrap supply in the US remains "ample."
A mid-month look at the developing US August scrap market.
SMU’s scrap prices came in soft sideways in July, according to market sources.
The US scrap market has settled soft sideways in July, sources told SMU.
The scrap market for July is partially settled except for the three largest scrap buyers in the country.
A snapshot of our scrap market survey with some respondent comments included.
SMU’s Current Sentiment Index for scrap increased in July as Future Sentiment slipped, according to the latest data from our ferrous scrap survey.
SMU’s June 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 scrap export market in both Europe and the US continued to decline after the activity of last week became confirmable.
The significant earthquakes in Venezuela could delay scrap exports, sources told SMU.
The export market off the US East Coast has been largely inactive over the last two weeks.
The scrap market seems firm as we go into the midsummer month of July without too many changes from June.
The bulk deep-sea export market in the Atlantic Basin has not shown much movement lately. Buyers in Turkey have limited their activity in an attempt to bring prices down in both the US and Northern Europe. However, this does not seem to be working to a significant extent.
SMU’s Current Sentiment Index for scrap slipped in June, but Future Sentiment rose, according to the latest data from our ferrous scrap survey.
SMU’s June ferrous scrap market survey results are now available on our website to all premium members.
We provide a sneak peek at this month's SMU Scrap Survey, with insights on tariffs, pricing, and demand.
The US domestic ferrous scrap market started to form on Thursday.
Current scrap market sentiment is again divided as we enter the summer month of June.
Jefferson Shredding & Recycling LLC, Birmingham, Ala., is planning to install a shredder system at Outokumpu’s Calvert, Ala., stainless steelmaking facility, according to a recent press release.
The export markets are generally showing an increased demand for scrap.
SMU spoke with several market players around the country regarding the ferrous scrap market in June, with many sources seeing next month as broadly sideways.
The spread between domestic hot-rolled coil and prime scrap prices continued to widen in May, a trend that began in September.
US scrap prices were mostly flat in May, with some upside on prime scrap, sources told SMU.
What might be in store for the ferrous scrap market this summer?
The May scrap market took much longer to settle than most players anticipated, but the results are mostly in.
CFC Recycling has acquired Goolsby & Sons Recycling, a family-owned scrap and recycler in Gallatin, Tenn.
The May scrap market in the US seems to be just finishing up its settle as of the writing of this article. Luckily, we have our latest ferrous scrap market survey to give us an insight before we release our prices article next week.
SMU’s Current and Future Sentiment Indices for scrap both fell in May, though they remain at elevated levels, according to the latest data from our ferrous scrap survey.
SMU’s April ferrous scrap market survey results are now available on our website to all premium members.
Southeast Recycling Group (SRG) said it will acquire the assets of NuCycle LLC, including an automobile shredder and auto parts yard (Carolina Salvage) in Rock Hill, S.C.