Unofficial predictions ahead of ferrous scrap price assessments for October
Although there has been no official scrap buys as of this morning, scrap industry players are saying the October market will rise above the prices paid in September.
Although there has been no official scrap buys as of this morning, scrap industry players are saying the October market will rise above the prices paid in September.
The company uses about 85% scrap in flat-rolled steel, and more in other products.
Great Lakes area mills have entered the September ferrous scrap market.
Hopes of a bottom fading as export prices collapse and industrial scrap shows signs of slowing.
“It shouldn’t come as a huge surprise who has the market power..."
September set for a steeper slide as market faces mounting pressures.
LME aluminum hits spreads tighten, and Comstock expands into aluminum recycling.
The ferrous industry is entering an unpredictable time where business is down despite rosier projections at the start of 2024.
August market sideways, scrap demand plummets, all eyes on September slump.
The mills collectively stuck with sideways pricing