![scrap yard ferrous](https://recycledmetalsupdate.crugroup.com/wp-content/uploads/sites/5/2024/06/Mix-Yard-2-300x225.png)
U.S. scrap prices hold steady amid market downturn, bucking industry expectations
Could ferrous scrap prices have hit bottom?
Could ferrous scrap prices have hit bottom?
After seven years of unprecedented protection, it’s past time to assess the results.
Plate prices declined in all regions this week amid slow seasonal demand.
Biden decreed that steel imports from Mexico again be subject to 25% Section 232 tariffs – unless the products are melted and poured in Mexico, the U.S., or Canada.
Often the subject of anti-dumping investigations itself, in particular from the U.S., EU, and Australia, Vietnam is prepared to take action to protect the country’s steel industry.
US steel production edges up after seven-week low
The average HRC price dropped this week, and the June price for busheling scrap tumbled from May.
"Metals had a positive reaction in light of this Fed move, but I think it's kind of a one-off."
The mill buyers sense an opportunity due to the weaker demand and softer steel prices.
Graduating Vietnam to market economy status would be factually incorrect, geopolitically naïve, and harmful to U.S. producers.