Peterson: Waiting on May prices
It is clear that steel mill order books are not what they were hoping for in May, and they probably are not going to strengthen in June.
It is clear that steel mill order books are not what they were hoping for in May, and they probably are not going to strengthen in June.
The consensus for ferrous scrap is sideways, maybe not a strong sideways this month.
On the ferrous side, about two-thirds of the respondents indicated ferrous scrap prices would remain stable, while one-quarter thought they would rise in May.
The wild cards in some price negotiations are Bangladesh and India.
After more than 35 years as the Institute of Scrap Recycling Industries, the Washington D.C.-based trade group is reinventing itself as the Recycled Materials Association, or ReMA.
Steel Industry Unites for Earth Day: Commitment to decarbonization and sustainable practices.
It’s mid-April and that means it’s time for the ISRI 2024 convention in Las Vegas. There is a great mix of attendees from all over the world, with a record total attendance of 6,624. Congratulations to the ISRI Team on this. Many of these businesses are small startups who are seeing the recycling industry as […]
RMU anticipates participating, connecting with fellow attendees, and absorbing insights from over 150 speakers.
“Without question, current conditions in the scrap markets remain challenging,” Tamara Lundgren, chairman and CEO, said.
Toledo Shredding, founded in 2003, is a subsidiary of Fairlawn, Ohio-based ProTrade Group, a fully integrated scrap metal company.