US Scrap Trends Outlook: March

March ferrous market poised for staunch increase

A confluence of demand-positive fundamentals are conspiring to ensure that US ferrous scrap prices will rise for the fourth consecutive month in March.

Escalating deep-sea ferrous export prices to Turkey post Earthquake, inclement weather, low inventory and a reported shortage of prime steel scrap substitute DRI, set against a backdrop of rising finished steel prices, are setting the scene for increases next month that could eclipse those of February. Learn more.

Make sense of the US steel scrap market and track the critical indicators impacting price movements in our March outlook.

What to read next
Aluminum scrap generation in Europe is expected to decrease in the current quarter due to lower demand from downstream metal producers amid the domestic seasonal summer slowdown, according to the latest market overview from the Bureau of International Recycling (BIR)
The publication of Fastmarkets’ price assessments for MB-STE-0093 Turkey domestic auto bundle scrap and MB-STE-0094 Turkey domestic melting scrap from shipbreaking for June 17 were delayed due to a reporter error.
The publication of Fastmarkets’ MB-STE-0887 steel scrap shredded, index, import, cfr Port Qasim, Pakistan was delayed on Tuesday July 16 due to a technical error.
The US government will impose tariffs on steel and aluminium shipped from Mexico that were made elsewhere, in a bid to curb trans-shipment and excess production, the White House said in a statement on Wednesday July 10, a move widely applauded by the pair of metals industries
Fastmarkets advises that, as of Wednesday July 10, certain monthly North American ferrous scrap assessments had yet to be settled.
Here are the key takeaways from market participants on scrap metal prices, market confidence, inventory and more from our July survey