Prices of steelmaking raw materials are largely up over the over the last 30 days, as they were the month prior, according to Steel Market Update’s latest analysis. The post Steelmaking raw material prices remain mostly higher vs. October appeared first on Steel Market Update.
Turkish scrap import prices increased for a third consecutive week. The post CRU: Turkish scrap prices continue to rise as supply tightens appeared first on Steel Market Update.
Virginia-based metal recycler Greenwave Technology Solutions revealed its financial troubles in its 10-Q quarterly report released on Nov. 14. The post Greenwave Posts Another Quarterly Loss, Financial Troubles Build appeared first on Steel Market Update.
The importation of basic pig iron has allowed EAF steelmakers to implement thin-slab casting technology to make drawing-quality flat-rolled sheet over the last 30 years. The post Miller: Pig Iron Market Update 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.
Russia’s Rusal says it has now taken use of aluminium scrap in cast alloys made for the automotive industry up to 30%. “By introducing end-of-life scrap into production of foundry alloys, Rusal creates new opportunities for companies to strengthen their potential in a low-carbon circular economy,” said Rusal’s sales and marketing director Roman Andryushin. Starting […]
The iron and steel foundry industries consume about 17% of the ferrous scrap in the US each year. They purchase several grades of scrap in common with steelmakers, such as shredded and turnings. But, most of the grades are much more restrictive than what larger mills require. The post Ferrous Scrap: The Iron Foundry Market 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.
The LME aluminum three-month price was unchanged on the morning of Nov. 3 and was seen trading at $2,235 per tonne. The post CRU Aluminum: Scrap Flows Remain Global Issue as Market Prepares for 2024 appeared first on Steel Market Update.