Prices: Ferrous Scrap

Although there has been no official scrap buys as of this morning, scrap industry players are saying the October market will rise above the prices paid in September.

With prices surging amid global uncertainties and renewed Turkish demand, it hints at a potential shift for the months ahead.

The fourth quarter may have some relief for both trade industries, with the ferrous raw materials prices usually starting to rise during the fall and winter months.

Calm before the storm: The scrap market is sending mixed signals and we're heading into Q4 without the usual urgency

There may be some new suppliers in the alternative iron sector which could mitigate the potential supply crunch.

USEC ferrous scrap exports have seen a modest price increase, but future growth faxes challenges from Chinese steel overproduction and billet competition in the global market.

Great Lakes area mills have entered the September ferrous scrap market.

Hopes of a bottom fading as export prices collapse and industrial scrap shows signs of slowing.

“It shouldn’t come as a huge surprise who has the market power..."

September set for a steeper slide as market faces mounting pressures.