Category: Scrap Processors

Radius Recycling thinks that an end to the UAW strike could relieve pressure on a tight domestic scrap market. Scrap supplies have fallen because of lower manufacturing, construction, and demolition activity as well as “the slowing economy overall,” Radius chairman, president, and CEO Tamara Lundgren said. Inflation and higher interest rates have contributed to that […] The post Radius Recycling Optimistic Despite Tight Market appeared first on Steel Market Update.

After a meeting Friday at the White House, the EU and US issued a joint statement noting no concrete movement towards a Global Arrangement on Sustainable Steel and Aluminum. The post US, EU To Continue Talks on Steel, Aluminum Deal After White House Meeting appeared first on Steel Market Update.

As the ferrous scrap market in the US enters the home stretch for 2023, it faces an array of issues and uncertainties. The post November Scrap Tags Seen Mostly Sideways, Sources Say appeared first on Steel Market Update.

The spread between hot-rolled coil (HRC) and prime scrap prices widened slightly this month, according to SMU’s most recent pricing data. The post Prime Scrap, HRC Spread Increases in October appeared first on Steel Market Update.

Prime scrap prices were unchanged in October month over month, following a large Detroit-area buyer's lead, according to market sources. The post Prime Scrap Prices Flat in October, Other Grades Edge Down appeared first on Steel Market Update.

While the ongoing United Auto Workers (UAW) strike hasn’t had a significant impact on the scrap market, the strike's expansion to stamping plants could hit supply, sources tell SMU. The post UAW Strike at Stamping Plants Could Affect Scrap Supply appeared first on Steel Market Update.

Hot-rolled coil prices were down again this week, continuing a streak of week-over-week (WoW) declines that began in early/mid-July. The post SMU Price Ranges: Sheet Declines Moderate – Meaning or Noise? appeared first on Steel Market Update.

The United Auto Workers (UAW) union has more leverage than the Detroit Three automakers in the current strike that started Sept. 15, according to Jason Schenker, president of Prestige Economics. The post UAW Has Upper Hand vs. Automakers: Schenker appeared first on Steel Market Update.

U.S. Steel expects earnings to drop in the third quarter vs. the prior quarter and the same period a year earlier as the company adjusts production because of the United Auto Workers (UAW) union strike. The post USS Expects Lower Q3 Earnings, Says UAW Strike Partly To Blame appeared first on Steel Market Update.

The spread between hot-rolled coil (HRC) and prime scrap prices continued to narrow this month, according to Steel Market Update’s most recent pricing data. The post US Prime Scrap, HRC Spread Narrows Further appeared first on Steel Market Update.