Scrap Blog

FERROUS: The scrap steel markets continue their sideways trend in the Western US and throughout much of the country. The market has remained unchanged since March leaving many of us trying to determine what we can expect through the summer months. Prices did weaken $15 in the Midwest markets, including the Chicago area, where its […]

FERROUS: Scrap steel markets are showing signs of stabilization for April. Prices this month traded at sideways levels as Mills have been able to secure adequate scrap supplies to meet their current demand. This balance of supply and demand comes as scrap flows loosen, particularly through the Midwest and Eastern states as rising temperatures pull […]

FERROUS: Markets are continuing their downward trend in March, down $15/Ton as we move into the close of the first quarter of 2014. This current market trend is leaving many looking for the bottom of the market and possible rebounds in future months. Original projections were thought to be down $20-$30/Ton but some late positive […]

Ferrous: Prices for January have crept up a little more on scrap steel grades. Mills waited a little longer than usual to settle this month due to the snow/freezing temps experienced earlier this week that closed down much of the Midwest and Northeast. Early price speculations were predicting scrap prices up $20-$30GT due to the […]

Ferrous: Scrap steel prices are up in November largely due to the thin supply of scrap steel available and the price increases recently released by the mills on new steel products. Most markets around the country saw the market on steel scrap up $10-20 GT this month with Detroit and Chicago being the most aggressive markets, raising […]

Ferrous: Markets were forecasting to be down $10GT through the last week of September and first couple days of October. However, as October 3rd approached, the buying sentiment picked up among most of the domestic mills as buyers began toying with sideways price offers. The Chicago and Detroit markets lead the way offering sideways numbers which […]

Ferrous: September scrap prices moved sideways at unchanged levels from August on the West Coast. Other parts of the country are experiencing some easing as there is a need to balance supply and demand on certain grades. The Midwest is down $10 GT on prime and cut grades and down $10-$15GT on shredded scrap. Price […]

Ferrous: August scrap prices are unchanged from July levels echoing the stability that entered the market over the past 4 weeks. Most mills and scrap suppliers around the country were satisfied with sideways trading in August after experiencing the frail pricing patterns during the spring months. Most markets saw sideways to slightly weaker trades on […]

Ferrous: Scrap steel prices are up $10GT in most parts of the country with some exceptions on specialized grades in larger markets. As forecasted,  we appear be at the bottom of the market and because West Coast mills were unable to secure the necessary tonnage at sideways levels, we are seeing this slight bump in […]

Ferrous: Scrap steel prices are split in June depending on which side of the country you are on and, unfortunately for all of us, we are on the losing end. Scrap prices are down $20 ton here in the Western US  while in the Midwest and East Coast, scrap prices declined only $10 ton. In some rare […]