A large Detroit-area scrap buyer entered the market on Wednesday at significantly higher prices than a month earlier. The post Detroit-area scrap buyer offering up $30-50/gt for December appeared first on Steel Market Update.
The export market for ferrous scrap has been strengthening over the last month by a sizable margin. The post Miller on scrap: Export market prices rising appeared first on Steel Market Update.
Algoma Steel’s CEO Michael Garcia joined SMU Managing Editor Michael Cowden for a Community Chat on Wednesday, Nov. 29. A great discussion was had on topics ranging from plate pricing to decarbonization efforts, raw materials strategies, and more. The post SMU Community Chat: Algoma’s CEO talks prices, decarb, raw materials appeared first on Steel Market Update.
US scrap prices are expected to rise in December, industry sources told SMU. The post Domestic scrap tags seen increasing in December appeared first on Steel Market Update.
South Africa’s department of trade, industry and competition has suggested a prohibition on foreign shipments of scrap metal be extended for six months. Steel sector body Seifsa disagrees with continuation of a policy primarily intended to tackle the theft of copper. The department concedes the ban, first imposed in 2022, has had minimal effect on […]
Buffeted by the cold winds of adverse steel market conditions, ArcelorMittal plans to close down its integrated-based longs business in South Africa. But the company will first conduct due diligence and hold discussions with unions and other stakeholders. Up to 3,500 jobs, including contractors’, are at risk. Aggressive cost savings, improved raw material terms, asset […]
Emirates Global Aluminium (EGA) has started construction of a 170,000 t/y aluminium recycling plant next to its Al Taweelah smelter in the UAE. The unit will process post-consumer scrap, such as used window frames, as well as pre-consumer material from extrusion production into low-carbon aluminium billets. “Aluminium recycling is key to our metal achieving its […]
Prices of steelmaking raw materials are largely up over the over the last 30 days, as they were the month prior, according to Steel Market Update’s latest analysis. The post Steelmaking raw material prices remain mostly higher vs. October appeared first on Steel Market Update.
Turkish scrap import prices increased for a third consecutive week. The post CRU: Turkish scrap prices continue to rise as supply tightens appeared first on Steel Market Update.
Virginia-based metal recycler Greenwave Technology Solutions revealed its financial troubles in its 10-Q quarterly report released on Nov. 14. The post Greenwave Posts Another Quarterly Loss, Financial Troubles Build appeared first on Steel Market Update.