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RMU survey: Ferrous scrap prices seen flattening in April, while non-ferrous scrap prices are on the rise
For April, a majority of respondents said they expect ferrous scrap prices to rise.
For April, a majority of respondents said they expect ferrous scrap prices to rise.
Spreads are narrowing on aluminum scrap, while remaining unchanged in copper scrap.
The international ferrous scrap market may be stabilizing which will likely put pressure on the US domestic market to remain flat or to increase in some areas in April.
Will prices continue downward in April? Where is the pig iron market heading? How are the steel mills operating?
Insights, Skepticism, and predictions from industry insiders.
Spreads remain unchanged as concerns about the shortage of supply persist within the scrap community.
Which direction is the market moving?
A joint venture that plans to produce for the automotive and general extrusion industries.
Is the ferrous scrap market potentially signaling an industry recession?
US ferrous scrap prices fell steeply in March for HMS, shredded, and prime scrap, sources told SMU. “The March ferrous market was considerably softer due in general to better-than-expected inflows in February, less demand from US mills thanks to falling finished steel prices, and less demand from lackluster markets overseas,” one scrap source said. The […]