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.
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.
The announcement that Republic Steel in Canton, Ohio, is going to permanently cease operations disappointed many scrap suppliers in Ohio and Pennsylvania. The post Ferrous Scrap: Republic Steel Closing – End of an Era appeared first on Steel Market Update.
The government of Kazakhstan has announced it will prolong prohibition of foreign shipments of ferrous and non-ferrous scrap metals for six months from 7 November. First introduced in Q2 two years ago, the measure is intended to alleviate a domestic shortage of the feedstock material and combat illegal circulation of scrap metal. The restrictions apply […]
The ferrous export market in the US has experienced several geopolitical events and natural disasters during 2023. The post Ferrous Scrap: Export Market Report appeared first on Steel Market Update.