Tag Archives for price

Ferrous: The long awaited news that we have all been yearning for… “Scrap prices are up”… but is it “built to last” or will it just drift away as fast as it flew in? In our opinion, this recent price hike could likely be driven by rapid inventory replacement that has run dangerously low and […]

Ferrous: Steel prices “Spring Up” early in the Midwest, while prices stabilize everywhere else across the country! Increased demand from Midwest mills coupled with competition for material and a resurgence in the export steel market boosted prices in Chicago, Detroit, and surrounding Midwest areas. Unfortunately, stronger prices didn’t move too far West resulting in unchanged […]

Ferrous: The ferrous scrap market remains “luke warm” as prices remain relatively flat compared to last month levels. Seasonal factors appear to be tightening scrap supply during the winter months.  Diminished supply is most likely responsible for January’s slight price increase rather than higher demand.  In the short term, steel prices are expected to stay […]

Ferrous: Steel prices for 2016 kickoff a brand new ballgame!  Historically prices in the first quarter are somewhat stronger and because mills purchased scrap inventories modestly over the past several months, supply and demand tends are favoring better prices.  January starts off the year with modest price increases as the market is gathering some strength […]

Ferrous: Out with the old and in with the new! As we are all painfully aware, 2015 has been a very tough year for our industry and others buying or selling commodities.  I am pleased to announce that scrap prices are not falling this month…it appears prices have hit rock bottom and are slowing showing […]

Ferrous: Global steel demand is still on a downward slope in 4Q 2015, on the heels of slowing growth in China and weakening US steel consumption. This continues to negatively impact the steel and scrap industry worldwide and it appears that the world’s steel industry has, for the time being, reached the end of a […]

Ferrous: The U.S. ferrous scrap market continues to move towards yet, another bottom. Prices are entering a territory not seen since the 2008 financial crisis, falling $50 a ton from September levels.  Everyone assumed September was the low point, but unfortunately prices continue to fall drastically.  With the market headed lower than expected, scrap dealers […]

Ferrous Prices: Scrap steel prices are down for July, catching us and many other scrap suppliers off guard. We felt that the market prices for steel grades were gaining momentum and headed into positive direction but mills felt otherwise in July and lowered price offerings by $10-$20 domestically depending on the grade. Prices in the […]

FERROUS: Ferrous scrap markets are seeing a bump in pricing this month with a gain of $10/GT locally, totaling an increase of $20 GT since the market bottomed in March. The Chicago and Alabama markets, where prices have remained fairly flat since February, started their rebound this month with the country’s biggest gains as prices […]

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 […]