Scrap market awaits direction as mills hold off
Both ferrous and non-ferrous scrap markets seem to be following suit to market holding patterns amid U.S. presidential election outcome.
Both ferrous and non-ferrous scrap markets seem to be following suit to market holding patterns amid U.S. presidential election outcome.
Why the shift in pig iron markets and what does that mean for the domestic market?
IIMA found that both European and U.S. manufacturing activity and oil consumption declined in 2023.
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.
A look at what happened last week to start your day.
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.
Market movements and economic highlights to start your week.
USEC ferrous scrap exports have seen a modest price increase, but future growth faxes challenges from Chinese steel overproduction and billet competition in the global market.
Tensions rise as U.S. mills clash with high pig iron prices.