Continuing Iron Age's Century-Long Tradition

Scrap Magnet

Torn from the pages of Iron Age, Scrap Magnet has been appearing within Scrap Price Bulletin for more than 20 years.  Digging deep into more long-term market factors, Scrap Magnet covers issues like scrap exports, transportation issues, spreads between prime scrap grades and shredded scrap and sustained downward trends in scrap pricing.

 

The new geographical realities of steel and scrap

By Bill Beck - May 21, 2018

The announcement in mid-March that Big River Steel is looking into the possibility of doubling capacity at the greenfield mill on the Mississippi River in Arkansas was hardly surprising. President Donald Trump’s decision to levy Section 232 tariffs of 25 percent against steel coming into the United States from a number of countries immediately led to speculation that U.S. mills would increase capacity to take advantage of what the industry terms “a more level playing field.”
 

U.S. pig iron poised to shine in 2018 on robust demand and supply crimp

By Sean Barry - April 24, 2018

Buoyed by a stellar 2017 when a rebound in demand boosted prices, the U.S. pig iron market is expected to build on that momentum through this year amid reports of solid order books and tight supply, driven largely by the lingering impact of limited exports out of Brazil, according to market players.
 

Steel import duties split opinion in ferrous scrap industry

By Bill Beck - March 15, 2018

Opinions within the nation’s ferrous scrap industry are mixed about President Donald Trump’s decision to proceed with assigning tariffs of 25 percent to imported finished steel products and 10 percent to imported aluminum products.
 

Scrap market starts 2018 with a bang following record cold temperatures

By Sean Barry - February 16, 2018

A blast of winter weather that held much of the eastern two-thirds of North America in its grip following the week after Christmas helped boost ferrous scrap prices to levels not seen in several years in January, building on solid gains posted the month prior.

 

 

The good, the bad and the unknown of Section 232

By Sean Barry - January 22, 2018

The long-awaited Section 232 report into whether U.S. steel imports endanger national security was finally submitted to president Trump earlier this month.

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