Unofficial predictions ahead of ferrous scrap price assessments for October
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.
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.
Will the recent labor contract deal help stabilize recycled metals amidst rising export pressures?
With prices surging amid global uncertainties and renewed Turkish demand, it hints at a potential shift for the months ahead.
The move ends a strike at East Coast and Gulf Coast ports that began on Tuesday and that had threatened significant supply-chain disruptions.
IIMA found that both European and U.S. manufacturing activity and oil consumption declined in 2023.
Tariffs are here to stay, according to the SMA president.
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.
With this new acquisition, Gerdau gains more recycled source material to help meet its own growing needs.
The company uses about 85% scrap in flat-rolled steel, and more in other products.
There may be some new suppliers in the alternative iron sector which could mitigate the potential supply crunch.