By Sean Barry - September 18, 2017
Ask a ferrous scrap dealer or broker what the most immediate challenge facing the industry is and the answer will likely be unanimous – transportation.
By Bill Beck - August 21, 2017
A U.S. dollar that began losing strength against a basket of foreign currencies earlier this summer and hasn’t stopped dropping since is driving a boom in ferrous scrap export sales that has the potential to finally halt the annual slide in export tonnages.
By Bill Beck - July 17, 2017
One Philadelphia broker articulated last week what many in the ferrous scrap industry think – if they don’t say it outright – about the business during the first six months of 2017.
By Bill Beck - June 19, 2017
The last time the differential between prime grades and shredded reached the levels they are today was during the market collapse of 2008-2009. “Back then, primes were $800 and shredded was trading at $600,” said one Canadian broker. “But that was an anomaly.”
By Bill Beck - May 15, 2017
One of the real bombshells to come out of the recent Institute of Scrap Recycling Industries (ISRI) annual convention in New Orleans was the assertion by several of the panelists that China within the next decade will be exporting millions of tonnes of ferrous scrap to customers in the Pacific Rim steelmaking community.