Category: Ferrous Scrap

The price spread between hot-rolled coil (HRC) and prime scrap narrowed slightly in December, according to SMU’s most recent pricing data.

Last week, the export community in the Atlantic Basin was licking its wounds over a Northern European sale at a two-year low of $325 per gross ton (gt) for HMS 80/20 to Turkey.

Ferrous scrap prices have finished 2024 down, but there is hope for a bump in January, scrap sources said.

The scrap market in the US finally settled on Monday with one of the nation’s largest steelmakers issuing its price bids.

The US scrap market has begun forming for December shipment and prices seem to be sagging so far.

The ferrous scrap market hasn’t settled yet for December, but sources say mills are looking to push scrap prices down.

The ferrous scrap markets both here and abroad are displaying a definite lack of enthusiasm as we head into the holiday season.

Trademark Metals Recycling opened an advanced metal recovery facility in Bushnell, Fla.

Ferrous scrap prices were largely rangebound to down at the November settle, market sources told SMU.

The US and Canadian ferrous scrap markets for November have not settled following the US presidential election. There doesn’t seem to be a key indicator as to why November prices haven’t settled yet. For the ferrous scrap market, I can’t see a big change occurring. Nothing short-term, anyways. The mills don’t seem to have a view, either, or at least they aren’t showing a lean in any direction.

As we await the formation of November’s domestic ferrous scrap market, all the recent action is in the export market. However, it is debatable whether events in this arena are influencing our US market other than psychologically. This opinion has been expressed by several sources that I have approached.

Gerdau Long Steel North America completed its previously announced acquisition of Dales Recycling Partnership, a Tennessee-based operator and processor of ferrous and nonferrous scrap, on Nov. 1.

The ferrous scrap market for November is starting to look more like the several preceding months.

The recycled iron and steel markets seem to be “ho hum” at this stage of October. The word on the street is strong sideways, which is really not a bullish sentiment compared to the optimism of two weeks ago.

Global scrap prices increased in Asia and the US in October, although we believe downside risks remain for prices in the short term, particularly outside the US market.

The price spread between hot-rolled coil (HRC) and prime scrap narrowed marginally in October, according to SMU’s most recent pricing data.

Scrap prices ticked up in October outside of Chicago and Detroit, scrap sources told SMU.

Last week, US mills entered the scrap market, albeit later in the month than usual. Now we know why. They were trying to buy sideways (whatever that means anymore).

George Adams said he feels fortunate to be able to work with his kids at SA Recycling, the company his family founded. But that’s not the case with many family-owned businesses.

The US scrap market has been in a steady decline for the first nine months of this year. As we enter Q4, there seems to be scant hope things will change in October. However, some players are seeing a bit of light after this month, depending on steelmaker appetite for scrap.

Gerdau Long Steel North America plans to acquire Dale’s Recycling Partnership, a Tennessee-based operator and processor of ferrous scrap.

The price spread between hot-rolled coil (HRC) and prime scrap widened again in September, according to SMU’s most recent pricing data.

September scrap prices came in a soft sideways, with only mild hopes for a higher October, market sources said.  

Industrial recycler PADNOS announced its acquisition of three scrap operations in the Midwest.

Great Lakes-area mills have entered the September ferrous scrap market in a surprisingly prompt manner.

“It's been a very interesting year in that the price of scrap should have gone down earlier this year."

With a surplus of ferrous scrap supply in the US, Steel Dynamics Inc. (SDI) said one key to maintaining costs is watching the price of conversion. When it comes to feeding electric arc furnaces (EAF), “Our Omni team is working very closely with us to make sure we have access to the right materials,” said […]

US scrap prices picked up in August, though near-term demand is expected to remain weak, scrap sources told SMU.

The US ferrous scrap market has essentially traded sideways for August. It may be too early to judge how much traction these prices will have with the trade.

It’s buy week again for ferrous scrap. US steelmakers are expected to offer their prices for August shipment this week. Most of the dealers and brokers RMU has quizzed believe the market has enough traction to hold sideways and even go up.