Continuing Iron Age's Century-Long Tradition

Trend Analysis

Read Trend Analysis every  week for a detailed look at the factors that influence the supply/demand balance and ferrous scrap prices.  Whether you track shredded scrap in Chicago, No. 1 heavy melt in Pittsburgh, or plate and structural in Detroit, it's all relative to the trend of the market.  

 

November surprise could push mart sharply higher

By Bill Beck - October 25, 2021

Continued tightness of prime grades and a flurry of demand from Turkish steelmakers has the North American ferrous scrap community anticipating sharply higher pricing for the November settlement.
 

Scrap industry hit by new wave of consolidation

By Bill Beck - October 18, 2021

The trend toward consolidation in the North American ferrous scrap sector got a whole lot more pronounced last week.
 

Scrap market to start New Year with a bang

By Staff - December 16, 2020

An overwhelmingly bullish sentiment driven by a deepening shortage of ferrous scrap and strong demand propelled the Trend Indicator to its highest ever reading of 80 for January, surpassing the previous high of 76 in January this year.
 

November market seesaws toward strong sideways

By Bill Beck - November 9, 2020

After all the tumult and the shouting, the November ferrous scrap market wound up a strong sideways, a trend that many in the community had been predicting since mid-October.
 

Market expectations firm ahead of Nov settlement

By Sean Barry - November 2, 2020

The outlook for the North American ferrous scrap market continues to brighten heading into the monthly November trade negotiations this week amid strong export demand and high finished steel prices that have edged past $680 per short ton. 
 

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