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.

 

Transportation woes reach crisis point

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.

Weak dollar driving best export market in five years

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.
 

‘A Very Good Year’

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.
 

What’s driving the differential between busheling and shred?

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.”

Trying to make sense of the export market

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.

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