Miller on scrap: Mid-month dealer sentiment focus on uncertainty
The Mid-American ISRI Chapter held its annual meeting in St. Louis this month. Over the years, this event has become a “must attend” for the scrap community nationwide.
Tag: HMS
Miller on scrap: US East Coast boosted by Turkey
The scrap export market has demonstrated resiliency so far this year from the US East Coast. This strength has mainly come from the Turkish market. Despite weakening orders for rebar in their domestic market, imported scrap prices have held up until the last several days. The US West Coast is not as active, but there are orders in South Asia and in South America that are keeping things afloat.
Prime scrap tags fall in February, HMS and shredded mostly flat
US busheling scrap prices fell this month, while HMS and shredded grades remained largely unchanged.
January scrap prices slip less than initial offers
Domestic scrap prices ended up down slightly after a roller coaster of trading in January, scrap sources told SMU.
Domestic scrap tags soar in December
US scrap prices shot up in December and are expected to continue their rise in January, market sources told SMU.
Domestic scrap tags seen increasing in December
US scrap prices are expected to rise in December, industry sources told SMU.
Ferrous Scrap: Republic Steel Closing - End of an Era
The announcement that Republic Steel in Canton, Ohio, is going to permanently cease operations disappointed many scrap suppliers in Ohio and Pennsylvania.
CRU: Resumption of Trade Leads to Higher Turkish Scrap Import Prices
Turkish scrap import prices rose due to conclusion of several deals towards the end of last week as key buyers and sellers re-entered the market.
CRU: Turkish Scrap Prices Stabilize Due to Limited Buying Activity
Turkish scrap import prices have remained relatively stable over the past two weeks due to slow trade activity. This was partly due to the holiday on August 30. CRU’s latest price assessment for HMS1/2 80:20 is $368 /metric ton CFR, up $1 /metric ton week-over-week (WoW) and up $21 /metric ton month-over-month (MoM). The holiday […]
US Busheling, Shred Tags Level Off in August, HMS Up
The US scrap market showed some stability in August, with prices mostly sideways on busheling and shredded grades, and HMS prices ticking up from the previous month, sources said.
Domestic Scrap Tags Could Rebound in August: Sources
August could see US scrap prices stabilizing, or even rising, depending on the grade or region, scrap sources told SMU.