Below is a update article on the current scrap market. It’s been pretty doom and gloom for the steel pricing the last few weeks.
Between the tariffs and overall market confidence there’s a ton of downward pressure on the entire market. Steel has been hit the hardest by the pricing reductions, but we’ve seen prices fall on steel grades by $20-30 GT… All the gains we got in January and February are pretty much gone.
Aluminum and copper have been the bright spots in the market and there’s still demand for metals across the board, but the pricing has been a fluctuating issue. What is usually consistent and cyclical has been anything but.
It’ll be a guessing game as to where things go through this month and into the summer. The summer is usually a slow time for scrap as mills idle and energy costs are high.