No. 1 busheling
Pricing pattern seems familiar
With familiar scrap steel pricing trends emerging as seen last year, summer trading may turn into higher profits.
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Market awaits next direction
Recyclers are keeping an eye on their scales and industrial buying volumes to determine how Trump administration policies might affect material flows this spring.
RMDAS April figures show recycled steel price setback
Steel mills paid from $20 to $40 less per ton for benchmark recycled steel grades in late March and the first three weeks in April.
Tight supply keeps prices buoyant
Some early March reports indicated the U.S. mill buying season would result in more price gains for ferrous scrap.
Winter supply hiccups create February price boost
After shredded scrap ended 2024 at less than $375 per ton on average, as of the second week of February, Davis Index had U.S. mills paying $406 on average.
RMDAS figures show February surge in recycled steel’s value
Prompt scrap grades have gained the most value in the first six weeks of 2025, according to MSA Inc.’s RMDAS price tracking data.
A glimmer of hope in the new year
Recycled steel sellers finally were able to get more per ton in the January buying period compared with the prior month.
Demand headwinds blow
The North American ferrous market felt pressure in 2024 that is likely to continue in the new year.
Average monthly pricing
Average monthly metals prices courtesy of Davis Index.
A time of transition
Examining Canada’s move toward EAF-based steelmaking and what it means for scrap flows.
Nowhere to go but up
Data pointed to a slow ferrous scrap market in July and August, with only rare glimpses of a pricing rebound.
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