Tag: P&S

Our scrap sources are advising Steel Market Update that the scrap markets in the Midwest have been slow to settle with only a few deals done as of Tuesday morning. The expectation by those involved in the Midwest ferrous scrap markets is that the transactions will be completed over the next day or two. Most […] The post Midwest Ferrous Scrap Pricing Slow to Develop, Expect Sideways Price Movements appeared first on Steel Market Update.

With buying prices down by approximately $60 per ton over the past two months, we are seeing a lack of feedstock for shredded scrap across the country. The net result is shredded scrap prices are up $5 to $10 per gross ton compared to where they were in November in most regions east of the […] The post Shredded Scrap Prices Rise appeared first on Steel Market Update.

Ferrous scrap prices in the Midwest, Mid-Atlantic and East Coast have been moving sideways as the August negotiations come to a close. We are hearing from our scrap sources that the balance between supply and demand is quite good as flows have been solid and mill orders books are “decent.” Our scrap sources in Chicago […] The post August Scrap Numbers Moving Sideways, Pig Iron Firming appeared first on Steel Market Update.

Scrap prices in Detroit, Carolinas and Alabama have settled lower for March delivery according to SMU sources. Detroit ferrous scrap prices were reported to be down $20 per gross ton while the Carolinas were down $15-$20 and Alabama down $15 per gross ton. The main issue continues to be the lack of a firm scrap […] The post Final Thoughts appeared first on Steel Market Update.

The U.S. ferrous scrap market has seen prices moving higher during the first 10 days of December. We have seen shredded scrap prices moving $20 to $45 per gross ton depending on the market.  Busheling has been more plentiful and has managed to remain stable to up $10 in most markets. We asked one of […] The post Higher Scrap Pricing Forecast for January appeared first on Steel Market Update.