While futures volatility is making it difficult for dealers and buyers to plan ahead, external factors like rising raw material costs and global economic uncertainty further complicate the landscape.
Gary Chandler will be the new head of the merged entities.
RMU's monthly sentiment survey reveals supply and demand are out of whack.
Market insights reveal anticipated $20/gt increase as mills and traders navigate limited scrap generation.
One of the positive things about the market we are seeing are firm prices on export and relatively high pig iron prices as compared to the forecasted price of domestic scrap.
The ferrous market faces a summer slowdown with scrap demand weaking, while EV shifts and potential tariff impacts loom large.
The recycled iron and steel markets seem to be “ho hum” at this stage of October. The word on the street is strong sideways, which is really not a bullish sentiment compared to the optimism of two weeks ago. Ferrous scrap flows are still fairly consistent, and they should be adequate to fill the increase […]
As HRC prices struggle to find a bottom, mills are unlikely to provide any relief to the scrap industry.
Steel scrap prices under pressure