Scrap Prices North America
March 17, 2015
Written by Damon Sun
The following article about the Asian ferrous scrap markets comes to SMU from Damon Sun of Daido International:
After the Lunar New Year holidays in Asia, the finished steel market has been subdued. However the scrap markets have stabilized. The raw factors affecting scrap markets:
Calm before the storm
Having just attended the historically significant ISRI Mid-America Chapter Consumers Night Banquet in St. Louis and waiting for my delayed flight, it seemed I had the perfect opportunity to inform the industry of a few items that came out while wheeling and dealing in the beautiful Union Train Station Hotel. For the West Coast export […]
The US scrap market showed some stability in August, with prices mostly sideways on busheling and shredded grades, and HMS prices ticking up from the previous month, sources said.
Sheet prices were mixed this week with hot-rolled coil (HRC) and galvanized base prices slipping again even as cold-rolled tags inched up.
August could see US scrap prices stabilizing, or even rising, depending on the grade or region, scrap sources told SMU.