By Sean Barry - May 11, 2021
Strong demand from a robust steel industry and a recent kick up in export prices put a solid floor under North American ferrous scrap prices in May, with obsolete grades booking a $20 per gross ton increase on last month and prime grades holding sideways.
By Sean Barry - April 9, 2021
Obsolete grades of ferrous scrap in North American handed back some of their recent gains in the monthly April trade amid healthy supply flows as improved spring weather conditions and higher prices at the scale brought material out of the woodwork and offset robust demand from steel mills and foundries, while prime grades held sideways.
By Sean Barry - March 8, 2021
North American ferrous scrap prices rebounded in March on a supply shortage driven by a combination of severe winter weather and a continuing deficit of silicon chips that is slowing down North American automotive production.
By Sean Barry - February 9, 2021
US pig iron prices have come under downside pressure in early February trading as steel mills retreat to the sidelines amid healthy inventory levels and a growing weakness in scrap prices.
By Sean Barry - January 12, 2021
North American ferrous scrap prices logged another round major price increases in January amid a deepening supply deficit in the wake of an insatiable appetite for scrap both domestically and overseas.