Tag: Prices

Is the ferrous scrap market potentially signaling an industry recession?

US ferrous scrap prices fell steeply in March for HMS, shredded, and prime scrap, sources told SMU. “The March ferrous market was considerably softer due in general to better-than-expected inflows in February, less demand from US mills thanks to falling finished steel prices, and less demand from lackluster markets overseas,” one scrap source said.  The […]

Non-Ferrous Scrap Metal Market Review

The LME 3-month price is moving higher on the morning of 12 March and was last seen trading at $2,263 /t. The LME has increased by around $30 /t since the start of the week amid a softer dollar in anticipation of US CPI inflation data later today. SHFE aluminium was broadly stable today again. […]

While the rest of the industry grapples with turmoil and plummeting prices, non-ferrous scrap spreads appear to remain unaffected, at least for the time being.

In a surprising turn, a Rocky Mountain mill resumed its purchasing program at half its normal capacity, signaling potential stabilization in the Texas/Gulf region for the upcoming month.

The drop in its offer prices was larger than most industry observers had forecast, especially for shredded scrap.

Monthly SRU survey finds near-term ferrous prices could fall

Here's a look at price spreads for aluminum scrap and copper scrap from the start of March. Copper scrap spreads remained flat, while aluminum scrap exhibited some widening.

Even though it’s the fifth of the month, there have been no confirmed purchases by domestic steelmakers.  Rumors are circulating about how low prices will drop.  Most of the scrap community is forecasting a $50/gt drop for #1 busheling, with shredded and P&S at perhaps $40/gt.