Category: Scrap Processors

The spread between hot-rolled coil (HRC) and prime scrap prices narrowed further in June, according to Steel Market Update data. Both the averages of SMU’s HRC and busheling scrap prices slipped this week. Our HRC average fell $5 per net ton week-over-week to sit at $930 per ton ($46.50 per cwt) as of Tuesday, June 13.  Meanwhile, after settling, […] The post HRC, Prime Scrap Price Spread Narrows Again in June appeared first on Steel Market Update.

Foreign shipments of ferrous scrap from Ukraine increased 3.1 times in a rising trend to 77,452 t year-on-year in the first five months of 2023, according to customs data. Exports were 8,280 t in January, 16,500 t in February, 15,450 t in March, 16,190 t in April and 21,003 t in May. Most material went […]

The spread between hot-rolled coil (HRC) and prime scrap prices narrowed in May from April after having widened since the beginning of the year, according to Steel Market Update data. Both SMU’s hot-rolled coil price average and busheling prices dropped this week. Our hot-rolled coil average slipped $15 per ton week over week to $1,105 per ton ($55.25/cwt) […] The post HRC, Prime Scrap Price Spread Narrows in May appeared first on Steel Market Update.

We’ve written in SMU about “green” steel and whether steel consumers, including market-leading OEMs, will pay a premium for it. What about the potential for premiums in scrap too? Maybe not for green scrap. But what about for “prime grade” or prime-equivalent shredded scrap? Shred that transforms into prime – maybe we could call it […] The post Final Thoughts appeared first on Steel Market Update.

The spread between hot-rolled coil (HRC) and prime scrap prices has widened again in April from March, though much smaller than last month’s number, according to Steel Market Update data. Both SMU’s hot-rolled coil price average and busheling prices dropped this week. Our hot-rolled coil average slipped $15 per ton week-over-week to $1,145 per ton ($57.25 per cwt) as […] The post HRC, Prime Scrap Price Spread Widens $18/t in April appeared first on Steel Market Update.

Commodity trader and mining company Glencore intends to partner two companies to tackle what it describes as one of the biggest medium- to long-term challenges in the battery sector: recycling lithium-ion batteries through establishment of a purpose-built plant.  The Switzerland-based group’s partners in Spain and Portugal will be industrial and commercial waste management company FCC […]

A temporary prohibition on shipments of ferrous scrap abroad is necessary to provide Ukraine’s steel producers with strategically important raw materials as the war with Russia continues, according to Oleksandr Kalenkov, president of sector body Ukrmetallurgprom.  “If scrap metal remains in the country, more than 500,000 people will have a job, and the country will […]

Ukrainian steel pipe maker Interpipe has suspended operations because of a lack of scrap brought about by Russia’s invasion and what it describes as record exports levels.  Obtaining enough of the raw material for its electric arc furnace (EAF) has become difficult, according to Andriy Bibik, director of the plant in Dnipro. “In a number […]

The spread between hot-rolled coil (HRC) and prime scrap prices has widened significantly in March as both products saw large price gains, according to Steel Market Update data. With a flurry of recent price increases, our hot-rolled coil price average jumped $25 per ton week over week to $1,140 per ton ($57 per cwt) as of March 21.  […] The post HRC, Prime Scrap Price Spread Widens Further in March appeared first on Steel Market Update.

US-based Commercial Metals Company (CMC) says it has purchased Roane Metals, which has capacity to process around 85,000 s.tons/y of ferrous and non-ferrous metals at two scrapyards in Tennessee. “The majority of volumes relate to obsolete ferrous scrap grades consumed by CMC’s long product mills,” the Texas-based group said. “The acquired assets are expected to enhance […]