Buy week alert: Ferrous scrap prices poised for August gains
As always, scrap prices are reliant mainly on the demand for finished steel. Demand has been down this year and so have prices for ferrous scrap.
As always, scrap prices are reliant mainly on the demand for finished steel. Demand has been down this year and so have prices for ferrous scrap.
The settlements for the August ferrous scrap market are upon us and there is speculation the market has reached the bottom.
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.