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

Hot-rolled steelmaking capacity in the US South increased by nearly a quarter in a two-year period and is still growing, which sources believe will help to keep prices relatively low

March ferrous market poised for staunch increase

Steel demand coming from new facilities being constructed in North America amid nearshoring trends is expected to materialize between the end of 2023 and 2025, Latin American steelmaker Ternium said on Wednesday February 15

Flat-rolled steel producers in the United States increased spot prices for the fifth time in less than three months on Monday February 13, led by an uptick in spot demand and higher scrap prices, according to market participants; the latest hikes bring the total increases to $260 per short ton

The US Midwest ferrous scrap market extended its upward momentum, rising in February for the first time since 2010 on strong export, good order books and low scrap inventories

Hot-rolled coil prices in the US South brushed against $40 per hundredweight on higher mill offers, but continued to trail their Midwest counterparts due to skeptical buyers with sufficient inventories to wait out what they said was likely a short-term surge

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

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