Final Thoughts: Summer supply crunch has ferrous sentiment faltering as non-ferrous copper soars
Market dynamics unleash fury: Ferrous fades as non-ferrous copper roars
Market dynamics unleash fury: Ferrous fades as non-ferrous copper roars
After a considerable wait, the market for ferrous scrap for May shipment has started to form.
It is clear that steel mill order books are not what they were hoping for in May, and they probably are not going to strengthen in June.
It’s mid-April and that means it’s time for the ISRI 2024 convention in Las Vegas. There is a great mix of attendees from all over the world, with a record total attendance of 6,624. Congratulations to the ISRI Team on this. Many of these businesses are small startups who are seeing the recycling industry as […]
With intriguing spreads between regions and a potential to curb price surges, #1 HMS might just be the unsung hero of the industry's future.
April's scrap market defies expectations with unexpected trends and surprising stability.
As we enter the final week of the month, there seems to be growing hope that the U.S. scrap market has bottomed.
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 […]
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.