Hello, I hope you’re having a great week. Just wanted to update and share an article that someone sent me this morning. It’s a bit old (published July 2021), however the issues it brought up then are still true today. It is focused on the steel industry and the cost of raw steel being up…
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Market Update – Ups & Downs
The scrap market has been quite the wild west lately and it looks to continue this huge swings through the next few months. From what I’ve heard domestically and overseas there is a lot of uncertainty in the market still regarding how smoothly the reopening of businesses will be even with the ramp up in…
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Scrap Market Update
Hopefully business has been tracking well for you. We have started to see material flow and pricing pick up again. The little bit of slump we saw to start 2021 was very short lived. Commodity pricing has been roaring back and hopefully it will stay on this trajectory longer than the few months it did…
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Scrap Market Update
The last few months have been rough on scrap metal prices as the metal commodities market has taken quite a hit. The drastic drop in demand overseas coupled with the end of year scheduled mill closures have caused prices to drop to the lowest they’ve been in decades. The article only discusses the steel market…
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Stainless scrap market still subdued
PITTSBURGH — The stainless steel scrap market continues a sideways to downward trend, with sources noting that this is likely to continue for the immediate future. “The market will continue to be slow this week, and demand for October and November is still looking subdued,” one major processor source said. “The news on the fall…
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Ferrous scrap on edge as mart awaits hit
This week has been a rough one for the ferrous and nickel markets as prices. The ferrous domestic market has continued to soften with most of the South East being affected by the hurricanes and the Mid West complaining of low demand and preparing for the winter. The drops in the article below are only…
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Non-ferrous scrap market still on downturn
Here is an article from the American Metal Market newspaper regarding the current non-ferrous scrap conditions. As you can see from the title there still is not a lot of positive sentiment in the scrap market trade. The major drop off in the COMEX market and LME which has caused scrap prices on both the…
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Stainless Steel Scrap Market Bearish; prices fall
Stainless scrap market bearish; prices fall PITTSBURGH — Stainless steel scrap prices are still losing ground amid a bearish outlook as the primary nickel market continues to weaken, according to most processor and dealer sources. “Europe is better, but not better enough,” one broker said. “Even though the European market is a little better, with…
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Happy Earth Day from Marko Metals!
Fun Earth Day Facts: • A running faucet wastes 2.5 gallons of water each minute. • The process of recycling paper instead of making it from new materials generates 74 percent less air pollution and uses 50 percent less water. • A little more than 48 percent of all office paper is recycled. This is…
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Midwest Ferrous Scrap Prices Take Hit
NEW YORK — An oversupply of industrial steel scrap combined with falling demand sent prices tumbling in March for No. 1 busheling shipped to steel mills across most of the Midwest. In a scenario that carried over from last month, strong scrap inventories, lower production runs, weak finished product demand and excess supply of prime…
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