Scrap Blog

Ferrous: Ferrous scrap markets are slowly improving as the flow of scrap into mills appears to be in a good balance with new steel demand. Ferrous prices saw a slight improvement in April and are seeing a “sideways” or unchanged market across most of the nation in May. This further reinforces that we have indeed […]

Ferrous: The first quarter of 2015 saw ferrous scrap prices hit 6 year lows matching those seen during the financial crisis in ’08-‘09. Many of the troubling conditions hindering the ferrous markets as well as finished steel markets are continuing to linger into April. We feel these conditions will likely continue though the first half […]

FERROUS: Many of the concerns discussed in last month’s market report are spilling into March as well. This includes the dollar’s strength which is causing minimal scrap exports to leave this county while cheaper iron ore and semi-finished products are rushing into the United States. These lower cost scrap substitutes are putting downward price pressures […]

Ferrous: February is the month we celebrate valentine’s day and acknowledge the ones we love….Well, no one told the U.S. Steel Mills about this tradition because scrap suppliers are being shunned instead of feeling their love. February 2015 has experienced the largest drop in scrap steel pricing since 2008. Our local market is down $80/Ton […]

Ferrous: The beginning of the new year brought hopeful anticipation for a little boost in scrap steel prices but our hopes were squashed early in January as mills quickly took the upper hand and left prices unchanged from December levels. Historically, the first quarter brings a sense of price optimism in anticipation of increased demand […]

Ferrous: Scrap steel prices are going sideways in December – unchanged from last month’s levels as we close out 2014. Market sentiment was negative in early November which left many anticipating yet another decrease in scrap pricing. This quickly changed as snowstorms ripped through the East and Midwest markets severely impacting their scrap flows. There […]

Ferrous: Another colossal drop in steel pricing for November as mills announced Friday that prices would be down $ 30-40 Ton across the country. This comes as a surprise for most suppliers as we were expecting a $15-20 drop due to the steep $25 Ton drop already experienced in October. Why is the market so […]

Ferrous: Scrap steel prices took a larger than anticipated hit this month plummeting $25 locally and down $20-$25 across the rest of the nation. Early speculations pegged the market to fall $10-15 but these estimations were short lived as market sentiment turned more negative as October approached. With several mill outages scheduled in the US […]

Ferrous: Ferrous prices are sideways for most of the country this month with the only exception being a few West Coast export yards and Chicago/Detroit markets where scrap volumes are thinner. South Korean mills returned to the market early last week and raised prices by $5-8 in order to secure 3 bulk barges of scrap […]

FERROUS: The steel scrap market is down $10-$15/Ton this month as we move into the summer months. Softer markets are generally expected this time of year as the weather warms up and available scrap tonnage increases scrap flows to steel consumers. Mills often schedule maintenance downtimes during the summer months too disrupting the relationship between scrap […]