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.
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.
Narrow opening for a rise in obsolete scrap prices. But prompt scrap looks like it will be higher in August.
If you have been paying attention, you will notice that the price of shred is getting very close to #1 busheling and #1 bundles in most markets
Heading into June, the sentiment was for weaker prices. Now we know what we're dealing with.
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.