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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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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Low Demand from China Hurting Variety of U.S. Industries
This article addresses current issues with the overseas market and also how China is cutting back on their consumption of scrap metal and other commodities from the United States. Scrap metal prices have been very unstable and have continued to drop over the past week. Read more
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