North American ferrous scrap prices are due a further downward correction in May following drops incurred on cut grades and shredded scrap in April; primes trended sideways over the period

North American steel scrap prices are expected to rise in April, for a fifth straight month, supported by a lingering shortage of certain grades of material and steady demand

March ferrous market poised for staunch increase

Low supply, strong demand to spur scrap prices higher in Feb, market says

Year-on-year increases in contract base prices for special bar quality (SBQ) steel products put 2023 deal levels on par with spot prices seen early this month, market participants told Fastmarkets, noting that some buyers also negotiated shorter contract terms on fears of a price drop late next year

Leading mining companies have recently expanded their exposure to copper via acquisitions rather than through greenfield investments, but new projects are needed to feed an expected rise in demand amid global energy transition trends, market experts have told Fastmarkets

What does 2023 have in store for the US scrap market? Find out today in our monthly US steel scrap price trends outlook

The outlook for the steel plate industry in the United States is cloudy for 2023 due to three conflicting factors: more incoming supply, expectations for stronger demand and the decoupling of the plate market from hot-rolled coil prices

Our monthly US steel scrap price outlook helps you to make sense of critical indicators impacting price movements, allowing you to forecast scrap prices one month ahead

US steel scrap prices are experiencing historic highs — but as the market stabilizes, will the spread between busheling over shredded continue to widen beyond historical averages in 2023?