By Sean Barry - December 8, 2021
North American ferrous scrap prices ended the year flat across the board in most regions of the country as early expectations of higher numbers were quickly dashed amid a rash of outages, healthy supply flows, weaker exports and mills reducing their buy programs for year-end accounting purposes.
By Sean Barry - November 9, 2021
North American ferrous scrap prices shot higher in November amid reduced inbound flows over the past couple of months and a switch by steel mills into obsolete grades in the wake of reduced prime generation – boosting some cut grades to their highest pricing levels for 2021.
By Sean Barry - September 13, 2021
The North American ferrous scrap market continued to face downside pressure in September as an oversupply of material weighed heavy and demand was impacted by a wave of steel mill maintenance outages.
By Sean Barry - August 9, 2021
The recent rally in the North American ferrous scrap market came to an end in August as an oversupply sunk obsolete grades by $20 per gross ton compared with last month, while prime grades largely held sideways, except in the south of the country where prices fell $10 per gross ton.
By Sean Barry - July 12, 2021
Prime grades of ferrous scrap continued to build on last month’s gains during the July monthly settlement, booking a $20 per gross ton increase in most regions of the country amid a deepening supply shortage and robust demand.