Category: Scrap Sources

The ferrous scrap market is showing small signs of weakness looking ahead to August, report Steel Market Update sources, who say prices on obsolete grades such as shredded and heavy melt are likely to decline anywhere from $5 to $20 per ton next month, while pricing of busheling and bundles will remain unchanged. Demand for […] The post SMU Scrap Sources See Small Decline for Obsolete Grades in August appeared first on Steel Market Update.

Steel Market Update ferrous scrap sources have advised us there was quick buying of July scrap early this past week. We understand that a Midwest-based EAF mill was buying early, taking prime grades such as busheling up $10 per ton while obsolete grades (HMS, shred) were bought at sideways pricing to June. Busheling, which along […] The post Ferrous Scrap Sees Busheling Up $10, Obsolete Grades Sideways appeared first on Steel Market Update.

Steel Market Update ferrous scrap sources expect a sideways to slightly higher domestic market, while the export markets see some pricing pressure. The following is what one of our scrap and pig iron sources had to say about the domestic market as of this weekend: “The U.S. scrap market should be characterized as firm for […] The post U.S Ferrous Scrap Markets Firm for June appeared first on Steel Market Update.

Steel Market Update’s scrap sources expect ferrous scrap prices to drop by at least $10-$20 per ton in May, and possibly as much as $30-$40 per ton, as spring weather increases the scrap flows and boosts supply. Adding to the downward pressure on prices, they report, is weakness in the global market. One dealer in […] The post Ferrous Scrap Prices Expected to Decline in May appeared first on Steel Market Update.

Steel Market Update’s scrap sources expect ferrous scrap prices to drop by at least $10-$20 per ton in May, and possibly as much as $30-$40 per ton, as spring weather increases the scrap flows and boosts supply. Adding to the downward pressure on prices, they report, is weakness in the global market. One dealer in […] The post Ferrous Scrap Prices Expected to Decline in May appeared first on Steel Market Update.

Led by the Detroit scrap buyers, ferrous scrap traded sideways in most markets that had been concluded by the end of the day on Friday. Shredded scrap prices in the Detroit area were unchanged at $330-$345 per gross ton, while prime grades continue to trade at $370-$380 per gross ton. There were few if any […] The post February Ferrous Scrap Trades Sideways appeared first on Steel Market Update.

As of late Friday, Steel Market Update ferrous scrap sources reported that scrap negotiations were ongoing and had not yet settled for the month of January. We heard late in the week of one Detroit-area mill paying up $20 per gross ton on prime grades and up $30 per gross ton on cut grades. We […] The post Final Thoughts appeared first on Steel Market Update.

Steel Market Update (SMU) has been canvassing our ferrous scrap sources to find out where the industry sees prices once the negotiations begin with the domestic steel mills. All of our sources tell SMU they expect prices to be higher, somewhere in the $10 to $30 per gross ton range, compared to the November prices. […] The post Scrap Prices Poised to Rise in December and January appeared first on Steel Market Update.

Ferrous scrap prices for the month of November began coming into focus on Friday with SMU scrap sources advising prime grades as being down $10 per gross ton compared to October levels. Obsolete and cut grades were reported as trading sideways (same prices as October). Not all regions are trading at the same pricing or […] The post November Scrap: Settling or Working Off the Bottom? appeared first on Steel Market Update.

When Steel Market Update (SMU) began talking to our ferrous scrap sources over the past couple of days, we got a variety of opinions as to where prices will go for the month of November. From the East Coast we heard sideways was the most likely direction with a little “slightly stronger” for prime grades […] The post Ferrous Scrap Pricing for November: Sideways, Higher, Lower? appeared first on Steel Market Update.