While trading was still ongoing as of Friday, it appeared ferrous scrap prices for February would settle sideways for prime grades, but down for obsoletes, as shred supplies have increased and export demand has decreased. Steel Market Update sources reported the February busheling price unchanged at around $495/GT and the shred price down by $50-60 […] The post Scrap Prices Begin to Stabilize in February appeared first on Steel Market Update.
Following big jumps in December and January, ferrous scrap prices are expected to moderate in February. Steel Market Update sources predict obsolete grades could drop by $30-50/GT and prime grades by $10-20/GT due primarily to the large amount of scrap offered to the mills in January and the weakening export market. “Scrap dealers are lowering […] The post Ferrous Scrap Prices Likely to Decline in February appeared first on Steel Market Update.
Late this week with talks ongoing, it appeared ferrous scrap prices for January would settle up by another $90-100 a ton, reported Steel Market Update sources, on top of a $70-100 a ton jump in December. Complicating negotiations were the many different settled price levels in December. January will see significant increases in all prices […] The post Ferrous Scrap for January Up Another $90-100 a Ton appeared first on Steel Market Update.
Ferrous scrap prices saw a big jump in December, settling up by a minimum of $70/GT, with rumored sales exceeding $100/GT, report Steel Market Update sources. Scrap prices are widely expected to see further increases in January, adding ongoing support to the uptrend in finished steel prices. Scrap for December reportedly settled in the following […] The post Ferrous Scrap Prices See Big Jump in December appeared first on Steel Market Update.
Ferrous scrap prices are expected to see a strong finish to 2020, say the experts, rising by an estimated $35-55/GT, lending support to finished steel prices that also continue to rise. Except for some slight weakness in October, ferrous scrap prices have moved upward for the past three months, and that trend is expected to […] The post Ferrous Scrap Prices to See Big Bump in December appeared first on Steel Market Update.
Ferrous scrap prices are expected to see a strong finish to 2020, say the experts, rising by an estimated $35-55/GT, lending support to finished steel prices that also continue to rise. Except for some slight weakness in October, ferrous scrap prices have moved upward for the past three months, and that trend is expected to […] The post Ferrous Scrap Prices to See Big Bump in December appeared first on Steel Market Update.
Scrap pricing for November is difficult to generalize with notable regional differences, but for the most part obsolete grades have traded sideways while prime grades have seen a small increase, sources tell Steel Market Update. Scrap prices for December are widely expected to move higher, lending further support to higher finished steel prices as the […] The post Ferrous Scrap Prices Flat to Slightly Higher in November appeared first on Steel Market Update.
Despite some initial concern that the ferrous scrap market would dip in November, scrap dealers anticipate a “strong sideways” price trend next month. “Export sales have been voluminous over the last two weeks, and prices are now about $10 off the lowest levels they fell to over the last month or so,” said a dealer […] The post Experts Predict “Strong Sideways” for November Scrap Prices appeared first on Steel Market Update.
Ferrous scrap prices are expected to rise anywhere from $40-70/GT in March after declines in February, lending further support to higher finished steel prices. Scrap prices are likely rise in March by at least as much as they fell in February, said CRU Senior Analyst Ryan McKinley. “The cold snap over the last few weeks […] The post Ferrous Scrap Prices Poised for Big Jump in March appeared first on Steel Market Update.
Ferrous scrap prices are expected to trade significantly higher again in January on strong demand from mills both domestic and foreign, report Steel Market Update sources. Scrap jumped by more than $70/GT in December and the uptrend is likely to continue into the new year, lending further support to higher finished steel prices. “Like many […] The post Ferrous Scrap to Start the New Year Strong appeared first on Steel Market Update.