Miller on Scrap: Does quiet August signal soft September?
August has been quiet thus far, with scrap suppliers working on completing their current orders as signals of a weaker September start to appear.
Tag: Shredded Scrap
SMU scrap prices stagnant in August
SMU’s scrap prices remained largely flat to down in August as demand remains steady.
Ferrous scrap market chatter this month
A sampling of responses and slides from our most recent ferrous scrap market survey.
US scrap market stalls as mills delay August pricing
The US domestic scrap market seemed to get off to a fast start on Tuesday, but things have begun to get drawn out again as mills are still considering August pricing. Several of the larger multi-mill buyers have not officially settled.
Scrap market participants predict early settle at sideways or lower numbers
The August domestic scrap market looks like it might settle early amid continued strong demand for melting stock from domestic steelmakers and high prices for finished steel.
SMU's scrap tags settle soft sideways in July
SMU’s scrap prices came in soft sideways in July, according to market sources.
US scrap tags end up soft sideways in July
The US scrap market has settled soft sideways in July, sources told SMU.
US scrap tags settling mostly soft sideways in July
The scrap market for July is partially settled except for the three largest scrap buyers in the country.
SMU's June scrap prices land flat
Ferrous scrap prices for June came in sideways, scrap sources told SMU.
Scrap export prices hold firm despite Turkish pressure
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.
Scrap market trading sideways for June
The US domestic ferrous scrap market started to form on Thursday.
June ferrous scrap outlook looks sideways to negative
Current scrap market sentiment is again divided as we enter the summer month of June.
SMU scrap tags land sideways in May, slightly up on busheling
US scrap prices were mostly flat in May, with some upside on prime scrap, sources told SMU.
May scrap mart limps towards settle, prime tags mixed
The May scrap market took much longer to settle than most players anticipated, but the results are mostly in.
US May scrap price outlook improves, sources say
The US domestic scrap market for May is forming a lightly bullish consensus opinion among the seller community.
May scrap looks bright amid tight market conditions
There are several factors buttressing the ferrous scrap market against it seasonal fall in the spring months. We all know about the Iran War and the rise in fuel costs. Other factors include strong steelmaking activity, rising steel prices, lighter inbound scrap flows, and firm export markets.
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.
April scrap market settles with shredded, obsolete down $10-20/gt and prime sideways
The US scrap market has largely settled at prices most predicted in late March. The prevailing view then: shredded and other obsolete grades, like HMS, would drop $10-20 per gross ton (gt) despite higher transportation costs. And prime grades, like #1 busheling and bundles, would trade sideways thanks to better demand and static supply. This is essentially what has happened.
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.
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.
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 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.
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.
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.
Steelmaking raw material prices increase through January
All but one of the steelmaking raw materials we track increased in price over the last month
Will February bring a large price bump to ferrous scrap mart?
Speculation has already begun on what February has in store for the US scrap market after it rose $20-30 per gross ton (gt) in January,
US ferrous scrap prices rise across board in January
Ferrous scrap prices jumped on all the products SMU tracks in January, scrap sources said.
January scrap market partially settles up $20-30
The formation of the domestic scrap market for January shipments is underway and only partially settled as of this article's publication. The main point of contention is the price of #1 busheling and bundles.
US scrap tags increase in December
US ferrous scrap prices have picked up in December, sources told SMU.