By Bill Beck - July 18, 2019
After one of the more contentious settlements in recent years in July, the North American ferrous scrap community is licking its wounds in anticipation of a turnaround in August. Many in the business are pretty much convinced that the market is on the bottom. But how much the market moves upward in August and September is still in dispute.
By Bill Beck - February 19, 2019
It turned out it was a very good year for steel. Steelmakers booked record profits, thanks to a growing American economy and the implementation of President Donald Trump’s Section 232 tariffs. The trade measure, ranging from 10% to 25% on foreign steel and aluminum, gave a huge jump start to an industry that had been struggling in the latter years of the Obama presidency. The steel utilization rate climbed steadily upward during the past year, topping out at just over 80 percent at the end of the year.
Steel shipments for 2018 totaled 95.28 million tons, up nearly 5% from the 90.80 million tons shipped in 2017.
By Sean Barry - December 17, 2018
After enjoying a bumper 2018, a cloud of uncertainty hangs over the North American ferrous scrap industry heading into the New Year as market players question whether prices in 2019 will manage to outgun the pace of growth experienced over the past year on robust domestic demand.
By Staff - November 21, 2018
The North American ferrous scrap market is expected to end the year on a high and book three straight months of gains as healthy order books and diminished supply levels are set to boost prices.
By Sean Barry - November 21, 2018
The North American ferrous scrap market is expected to end the year on a high and book three straight months of gains as healthy order books and diminished supply levels are set to boost prices.