Tag Archives: US scrap
As the January buy-cycle began, expectations were for a favorably priced deal to Turkey to come through. The lack of a timely deal resulted in US exporters making shredded quantities available inland which began to dampen prices through the buy-cycle. According to a market source close to SteelOrbis, in the Midwest and Pennsylvania areas, many were […]
US scrap exports totaled 1,167,874 metric tons in September, which is a 14.7 percent increase from the 995,964 mt exported in August and a 0.77 percent increase from the 1,158,897 mt exported in September 2014. The value of scrap exports in September totaled $326.9 million, compared to $316.3 million in August and $488.2 million in […]
After beginning the month of May with an uptrend in prices, players in Turkish import scrap market concluded more than ten ex-US scrap deals at the second week of month and the increase of import scrap prices gained momentum. In early last week, Turkish steel producers accelerated their negotiations with scrap suppliers for bookings of […]
When Mario Longhi took the helm of US Steel in 2013, his vision for the company—which was once the largest steel producer in the world—involved modernizing, streamlining, and most significantly, downsizing. Plant closures and layoffs have defined Longhi’s tenure, with four facility shut-downs announced this month alone. But aside from the temporary idling of two […]
It’s been a relatively quiet week within the US export scrap market, as many sellers have taken time off to celebrate the year-end holiday season. Export yards, however, have expressed confidence that transaction pricing to Turkey will firm after the first of the year. Although Turkish mills did not expect to see a firming in […]
By Eric J. Stuart Vice President, Environment & Energy Steel Manufacturers Association Recycled ferrous scrap typically constitutes over 90 percent of the material input of electric arc furnace (EAF) steel producers, aka “minimills.” The recycling of steel scrap in EAFs plays an important role in the conservation of energy. On a per-ton basis, steel produced […]
Should the US steel industry be concerned with the effect global demand for US-produced scrap has on domestic scrap prices? As the world becomes exponentially connected with each passing year, many long-standing industries have not transitioned into the global marketplace as easily as others.