January 2024

Radius Recycling reported a internet loss in its fiscal first quarter of 2024 on tighter provide flows for recycled metals and decrease common promoting costs for the corporate’s merchandise. The Portland, Ore.-based scrap recycler, previously often called Schnitzer Metal Industries, posted a internet lack of $18 million in its fiscal Q1 ended Nov. 30, 2023. […]

US scrap costs for January remained unsettled as of early Thursday afternoon, in line with market sources. “Prime grades are wherever from sideways in Chicago and Detroit … and Philadelphia, to down $30 in Cleveland,” one supply advised SMU. “Then there are many offers within the center,” he added, noting that buying and selling is

For 2 consecutive months, the preliminary scrap costs didn’t entice the quantity of scrap that mills wanted. A Detroit space mill got here in at $460 per gross ton (gt) for busheling, which was down $50 from final month, and down $20 on shredded and plate and structurals (P&S). However I assume they didn’t know

Home scrap costs turned out to be down barely after a curler coaster of buying and selling this month, scrap sources instructed SMU. “Nothing large actually new since final week … export appears to have remained regular,” one supply instructed SMU. He stated that there have been gross sales from the US provided north of

The unfold between hot-rolled coil (HRC) and prime scrap costs narrowed barely this month, based on SMU’s most up-to-date pricing knowledge. SMU’s common HRC value fell this week, as the typical value for busheling scrap additionally slipped from December. Our common HRC value stands at $1,025 per internet ton this week, off $25/ton from every week

Over the past twenty years, the position of the scrap dealer has been diminished in favor of metal mills buying their scrap necessities straight from scrap sellers. The idea is that they save the fee the dealer would doubtlessly earn. Is there actually any benefit to this or are scrap patrons ignoring the a number

Clearly, the scenario within the Purple Sea continues to be the dominant matter of dialog within the recycling market at current. There’s a clear consensus that the continuing assaults imply that ships are prone to take the longer route round Africa within the medium- to long-term. Commercial Due to this fact, this week was a

The rise in coal prices together with weak world sentiments impacting metallic costs stay near-term issues, Jayanta Roy, Senior Vice President and Group Head, Company Sector Rankings, Icra, mentioned. International costs of metals, together with aluminium, are unlikely to enhance significantly within the close to time period because of uncertainties within the world macroeconomic