John Archer / Getty Photos/iStockphoto Proper now the scrap metallic market is providing profitable alternatives for these seeking to flip litter into money. Whether or not it’s outdated electrical wiring, automotive elements, or outdated electronics, sure forms of scrap metallic can fetch a excessive worth. Knowledge was sourced from varied scrap metallic purchaser websites to […]

(Courtesy　of　POSCO　Holdings) Scrap metal costs in South Korea are poised to bounce again after hitting an annual low within the final month of 2023 amid declining scrap steel inventories on the nation’s main steelmakers. In line with the Korean steelmaking trade, the scrap metal stock degree on the nation’s eight main electrical furnace operators, together with

The costs have been revealed at 15:30 London time as an alternative of the scheduled time of 16.30. The information submission window had already closed, and the information assortment and value assessments weren’t affected by the early publication. The costs that have been revealed early have been:MB-STE-0095 Metal scrap, shredded, import, cfr delivered Turkish port, $

Cleveland-Cliffs Inc. shipped greater than 4 million quick tons (st) of metal in every quarter of 2023, pushing its full-year shipments to a document 16.4 million st. The Cleveland-based steelmaker reported shipments of 4.039 million st in This fall’23. Though down 1.6% from the prior quarter, shipments improved 5.2% yr over yr (y/y), and Cliffs

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