SMU’s Current Sentiment Index for scrap jumped again in February, according to the latest data from our ferrous scrap survey. And the Future Sentiment Index remained the same for the third consecutive month.
SMU's ferrous scrap survey celebrates its one-year anniversary this month.
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.
Market participant comments from this month's SMU ferrous scrap survey.
SMU’s February ferrous scrap market survey results are now available on our website to all premium members.
The export market from the US and Canada has held firm, while slightly strengthening ahead of the domestic buying for February shipment.
The pig iron market has entered an upward phase now that ferrous scrap in both Europe and North America has also been increasing in price.
The US scrap market has come under pressure due to the extremely debilitating winter weather across the eastern half of the country.
The Italian authorities have seized a Russian cargo of hot-briquetted-iron (HBI) for violating European sanctions on Russian ferrous imports, according to media reports.
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,
The export markets in the Mediterranean Basin have shown firmness over the last month and have started to build in the first half of January.
The price spread between domestic hot-rolled coil and prime scrap widened for a fourth consecutive month in January, based on SMU’s most recent pricing data.
Ferrous scrap prices jumped on all the products SMU tracks in January, scrap sources said.
A look at some of the results from SMU's January scrap market survey.
SMU’s Current Sentiment Index for scrap continued to climb this month, according to the latest data from our ferrous scrap survey. However, the Future Sentiment Index remained unchanged.
SMU’s January ferrous scrap market survey results are now available on our website to all premium members.
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.
There is disagreement over whether prices will increase meaningfully going into the new year. Prices did see a small increase in December, but several sources SMU has contacted have told us they are hearing price rises may be limited compared to past years.
Canadian steelmaker Algoma's plans to bring forward the scheduled full transition to electric-arc furnace (EAF) steel production by one year merits a revisit. Why? Because of its potential impact on ferrous scrap flows between the US and Canada.
The price spread between hot-rolled coil and prime scrap has widened for the third consecutive month in December, based on SMU’s most recent pricing data.
Let's take a look inside the last SMU Scrap Survey of 2025.
US ferrous scrap prices have picked up in December, sources told SMU.
SMU’s Current and Future Sentiment Indices for scrap increased this month, according to the latest data from our ferrous scrap survey.
SMU’s December ferrous scrap market survey results are now available on our website to all premium members.
Major activity in the US scrap export market has occurred, mainly driven by Turkey.
A steelmaker in the Southeast has entered the market for shredded, P&S, and HMS at prices of $20/gt over November.
The bulk scrap export market has experienced a great deal of action lately, but that has not resulted in runaway pricing.
The US scrap market is showing some signs of strength in certain regions shortly after the November settlements finalized without detectable resistance.
A Tenaris subsidiary, Steel Recycling Services, has acquired the Beaver Falls, Pa., scrap processing yard of SA Recycling.
The price spread between HRC and prime scrap has widened for a second month, based on SMU’s most recent pricing data.