Prime scrap prices were unchanged in October month over month, following a large Detroit-area buyer's lead, according to market sources. The post Prime Scrap Prices Flat in October, Other Grades Edge Down appeared first on Steel Market Update.
What has happened since the August hot rolled (HR) settlement ($767 per short ton)? The post HRC Futures: Hedgers Getting Off Sidelines appeared first on Steel Market Update.
The US scrap market for October is a bit unsettled as the UAW strike against the Big Three automotive companies has expanded and shows scant signs of an imminent settlement. The post Scrap Insight: All Eyes on UAW as ‘Unsettled’ Oct. Trade Approaches appeared first on Steel Market Update.
Mixed trends were observed in prices of ore-based metallics as demand stayed subdued in Europe and the US. Buying activity had been limited in the US due to several upcoming mill outages and ahead of the UAW strike. However, prices have found stability despite declines in prices of prime grades of scrap. In the CIS, […] The post CRU: US Pig Iron Prices Diverge From Prime Scrap Tags appeared first on Steel Market Update.
Domestic scrap prices for shredded and HMS were sideways in September vs. August. However, busheling fell precipitously during the month, according to scrap sources surveyed by SMU. The post Prime Scrap Tags Sink in September, Shredded and HMS Flat appeared first on Steel Market Update.
Scrap sources had a mixed outlook for US scrap prices for September. The post Scrap Outlook Mixed for September appeared first on Steel Market Update.
Metals and electronics recycler Sims Ltd. reported lower earnings in its North America Metal division for its fiscal-year 2023 that ended June 30 due to “falling sales prices and strong domestic competition.” The post Sims’ FY’23 N. America Earnings Dip, But Touts Recent US Buys appeared first on Steel Market Update.
Global metal recycler Sims Limited has conditionally agreed to acquire ferrous recycler Baltimore Scrap Corp (BSC) and affiliated companies. Operating 17 sites across Maryland, Virginia, Pennsylvania, New York and New Jersey, BSC sells around 600,000 t/y of scrap. It runs four shredders and has what Sims described as extensive rail, barge and port infrastructure. “This […]
The US scrap market showed some stability in August, with prices mostly sideways on busheling and shredded grades, and HMS prices ticking up from the previous month, sources said. The post US Busheling, Shred Tags Level Off in August, HMS Up appeared first on Steel Market Update.
Ukraine’s metal sector association Ukrmetallurgprom has reiterated its request for a temporary prohibition on foreign shipments of scrap steel after the latest customs service data showed exports of 101,615 t between January and July were 3.5 times higher than the year-ago period. They were valued at $29.8 M (€27.2 M), up 2.4 times. But the […]