By Sean Barry - October 9, 2019
North American ferrous scrap prices continued to face heavy downside pressure in October as a slew of maintenance outages and sloppy export trade exacerbated an oversupply of material in the market.
By Sean Barry - September 10, 2019
North American ferrous scrap prices more than gave back their gains from the previous month in September amid a plethora of steel mill maintenance outages and a glut of material.
By Sean Barry - August 13, 2019
North American ferrous scrap prices rebounded in August as a supply squeeze caused by an easing in inbound flows and stronger mill demand helped reverse four straight months of price declines.
By Bill Beck - July 11, 2019
After dropping $70 in May and June, ferrous scrap prices in Detroit and Hamilton slowed their downward momentum in July. Two days before the industry in the United States took its extended July 4th holiday, a consortium of Detroit mills announced it would buy scrap at a $10 discount to June numbers. Canadian mills, which had celebrated their three-day Canada Day holiday earlier in the week, waited until late this past Monday to bring prices off $18 Cdn for prime grades and $15 Cdn for cut grades for the month.
By Sean Barry - June 11, 2019
The ferrous scrap market in the United States continued to be pummeled in June in the wake of diminished demand and a lingering oversupply of material, with most grades losing another $30 compared with the month prior.