Radius Recycling reported a net loss in its fiscal first quarter of 2024 on tighter supply flows for recycled metals and lower average selling prices for the company’s products. The post Radius Recycling posts quarterly loss on tight supply flows, lower tags 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 HRC vs. busheling spread widens in December appeared first on Steel Market Update.
US scrap prices shot up in December and are expected to continue their rise in January, market sources told SMU. The post Domestic scrap tags soar in December appeared first on Steel Market Update.
US scrap prices are expected to rise in December, industry sources told SMU. The post Domestic scrap tags seen increasing in December appeared first on Steel Market Update.
The spread between HRC and prime scrap prices widened considerably this month, according to Steel Market Update's most recent pricing data. The post HRC, Prime Scrap Gap Widens in November appeared first on Steel Market Update.
Domestic scrap prices rose in November month over month for all grades that SMU covers, market sources said. The post US Scrap Tags Up in November, Momentum Could Carry Into February appeared first on Steel Market Update.
Steel Dynamics Inc. (SDI) scrap subsidiary OmniSource has acquired a 55-acre rail-served tract near the Port of Houston to expand its metal recycling operations along the Gulf Coast. The post SDI Subsidiary OmniSource Buys Site Near Houston appeared first on Steel Market Update.
A large Detroit-area scrap buyer has settled scrap prices for November, with busheling, shredded, and plate and structurals (P&S) all notching gains vs. October, a scrap source told SMU. The post November Scrap Prices Up at Large Detroit-Area Buyer appeared first on Steel Market Update.
SMU’s Current and Future Steel Buyers Sentiment Indices both increased this week, based on our most recent survey data. Every other week we poll steel buyers about sentiment. The Steel Buyers Sentiment Indices measure how steel buyers feel about their company’s chances of success in the current market, as well as three to six months down the road. We have historical data going back to 2008. Check our interactive graphing tool here. The post SMU Survey: Buyers Sentiment Indices Rise 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.