Ferrous Report
RMDAS tracking shows $40 ferrous price drops in May
Mills in the United States have been able to buy recycled steel for up to $50 per ton less in May compared with April.
More in Ferrous Report
No hope on the horizon for ferrous prices
The August buying period sees mills and export buyers largely unwilling to raise bids for benchmark grades.
RMDAS figures show ferrous still in a trough
Regional price breakdown shows inland processors experiencing lowest pricing for frequently exported heavy melting steel grade.
RMDAS ferrous benchmark grades all under $400 per ton
Domestic mills buy their ferrous scrap in late May and June for up to $40 less per ton compared with the prior month.
Recycled steel price waiting game continues
The first half of this year has been an exercise in awaiting a price rebound for processors and shippers in the ferrous scrap market.
Pricing remains stubbornly subdued
Domestic steel mill order cancellations seemed to have played a role in keeping the price of scrap from rising in April and May.
Mixed signals chracterize ferrous market
Metals recyclers in North America likely will spend this year operating in a hard-to-decipher pricing environment.
Ferrous market seeks a spark
Although some scrap processors hoped winter seasonal supply tightness might spur mill buyers to act, steelmakers in many parts of the world seem not to have bought into that notion.
Table set for sellers market?
Upward price momentum did not sustain itself into January, but scrap generators and processors could find ongoing global demand brings momentum back soon.
Cheerful end to a gloomy year
Two months of upward pricing pressure meant a positive close to 2023 for ferrous scrap generators and processors.
Shredding the dream
Prestige Auto & Metal Recycling is increasing its reach with the addition of an automobile shredder and expansion of a pick-a-part yard in Houston.
