Prices set to rally in August amid tight supply and rising demand
Market insights reveal anticipated $20/gt increase as mills and traders navigate limited scrap generation.
Market insights reveal anticipated $20/gt increase as mills and traders navigate limited scrap generation.
The summer lull is a key factor but not the only one…
Could ferrous scrap prices have hit bottom?
Scrap prices plummet, pig iron stays resilient.
Plate prices declined in all regions this week amid slow seasonal demand.
Export resilience as ferrous recycled metal prices stay firm despite domestic dips.
One of the positive things about the market we are seeing are firm prices on export and relatively high pig iron prices as compared to the forecasted price of domestic scrap.
Despite new aluminum mills coming online, there has been a recent scarcity of scrap, which typically keeps supply constrained.
Prime scrap is due for another large decline in July.
Scrap metal markets face dynamic shifts: Aluminum steady, copper surging, steel struggling.