Non-Ferrous Scrap Spreads
Spreads remain unchanged as concerns about the shortage of supply persist within the scrap community.
Spreads remain unchanged as concerns about the shortage of supply persist within the scrap community.
Which direction is the market moving?
Is the ferrous scrap market potentially signaling an industry recession?
US ferrous scrap prices fell steeply in March for HMS, shredded, and prime scrap, sources told SMU. “The March ferrous market was considerably softer due in general to better-than-expected inflows in February, less demand from US mills thanks to falling finished steel prices, and less demand from lackluster markets overseas,” one scrap source said. The […]
While the rest of the industry grapples with turmoil and plummeting prices, non-ferrous scrap spreads appear to remain unaffected, at least for the time being.
In a surprising turn, a Rocky Mountain mill resumed its purchasing program at half its normal capacity, signaling potential stabilization in the Texas/Gulf region for the upcoming month.
The drop in its offer prices was larger than most industry observers had forecast, especially for shredded scrap.
Monthly SRU survey finds near-term ferrous prices could fall
Here's a look at price spreads for aluminum scrap and copper scrap from the start of March. Copper scrap spreads remained flat, while aluminum scrap exhibited some widening.
Non-ferrous scrap spreads remained tight amid ongoing global shipping constraints, raising concerns.