By Bill Beck - October 14, 2019
North American ferrous scrap prices appear to have finally cratered after suffering another round of heavy losses in October, according to market sources.
By Staff - September 18, 2019
The North American ferrous scrap market is set to continue facing heavy downside pressure in October in the wake of maintenance outages and a lingering supply glut.
By Sean Barry - August 26, 2019
North American ferrous scrap prices are poised for a strong sideways move in September amid balanced market conditions, while consumers appear hesitant to build large forward positions due to uncertainty caused by mixed end-markets and trade disputes, according to the latest Scrap Trends Outlook.
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.