SDI provides mixed Q3 outlook, steady recycling operations
The company uses about 85% scrap in flat-rolled steel, and more in other products.
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
Year-to-date production stands at 52,421,000 st at a capability utilization rate of 76.5%.