![Final Thoughts](https://recycledmetalsupdate.crugroup.com/wp-content/uploads/sites/5/2024/04/Branded-FT1-300x225.png)
Bracing for the August surge
Market set to explode amid unprecedented supply crunch and rising demand.
Market set to explode amid unprecedented supply crunch and rising demand.
The theme lately for scrap buyers seems to be: If you have a load, name your price.
One of the positive things about the market we are seeing are firm prices on export and relatively high pig iron prices as compared to the forecasted price of domestic scrap.
Prime scrap is due for another large decline in July.
Scrap metal markets face dynamic shifts: Aluminum steady, copper surging, steel struggling.
The ferrous market faces a summer slowdown with scrap demand weaking, while EV shifts and potential tariff impacts loom large.
We in the scrap industry should keep tuned to China’s proposed relaxation of ferrous scrap specifications
June recycled metals prices teeter amidst demand fluctuations and strategic moves.
As HRC prices struggle to find a bottom, mills are unlikely to provide any relief to the scrap industry.
Market dynamics unleash fury: Ferrous fades as non-ferrous copper roars.