Ferrous scrap mart seen sluggish into the holidays
The ferrous scrap markets both here and abroad are displaying a definite lack of enthusiasm as we head into the holiday season.
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The ferrous scrap markets both here and abroad are displaying a definite lack of enthusiasm as we head into the holiday season.
Wolfe Research’s Managing Director Timna Tanners discusses the ‘Trumplications’ for steel in the coming year in this week’s SMU Community Chat.
The price spread between hot-rolled coil (HRC) and prime scrap narrowed marginally in October, according to SMU’s most recent pricing data.
Steel sheet and plate prices moved lower this week as efforts among some mills to hold the line on tags ran up against continued concerns about demand.
The price spread between hot-rolled coil (HRC) and prime scrap widened again in September, according to SMU’s most recent pricing data.
Great Lakes-area mills have entered the September ferrous scrap market in a surprisingly prompt manner.