By Bill Beck - May 21, 2021
The recent surge in North American ferrous scrap prices amid strong global steel markets and supply shortages, particularly for prime grades, could be just the start of a demand super cycle for high quality scrap units and alternatives, according to several panelists at Fastmarkets’ virtual Scrap, DRI and Mini-Mills conference, April 13-15, 2021.
By Staff - December 16, 2020
An overwhelmingly bullish sentiment driven by a deepening shortage of ferrous scrap and strong demand propelled the Trend Indicator to its highest ever reading of 80 for January, surpassing the previous high of 76 in January this year.
By Bill Beck - November 9, 2020
After all the tumult and the shouting, the November ferrous scrap market wound up a strong sideways, a trend that many in the community had been predicting since mid-October.
By Sean Barry - November 2, 2020
The outlook for the North American ferrous scrap market continues to brighten heading into the monthly November trade negotiations this week amid strong export demand and high finished steel prices that have edged past $680 per short ton.
By Sean Barry - October 26, 2020
Steady domestic demand and renewed buying activity at the nation’s docks is expected to underpin the ferrous scrap market heading into November, according to the latest Scrap Trends Outlook.