No. 1 busheling
Winter supply hiccups create February price boost
After shredded scrap ended 2024 at less than $375 per ton on average, as of the second week of February, Davis Index had U.S. mills paying $406 on average.
More in No. 1 busheling
Average monthly pricing
Average monthly metals prices courtesy of Davis Index.
A time of transition
Examining Canada’s move toward EAF-based steelmaking and what it means for scrap flows.
Nowhere to go but up
Data pointed to a slow ferrous scrap market in July and August, with only rare glimpses of a pricing rebound.
Laying a family foundation
Comal Iron & Metals has leaned on three generations of family leadership and dedicated customer service to make its mark in New Braunfels, Texas, over 55 years.
Bottom-line need for rebound gains visibility
Market conditions in the first half of this year seem to have exposed metals recyclers to a stretch of too many consecutive months without the type of breathing room that results from rising prices monthly.
Questionable market fundamentals
Mills did not get the trap door-style price plunge they’d reportedly requested in January, with prices for commonly traded grades trending sideways or dropping slightly.
Downward price trends evident in ferrous market
RMDAS figures show all grades in nearly every region losing value; Davis Index reports weak export market interest.
Ferrous processors fight to retain even keel pricing
Sellers deflect buyer requests for double-digit decreases in obsolete grade prices, but prompt grades lose some $30 in value in February.
Average monthly pricing
Average monthly metals prices courtesy of Davis Index
Cheerful end to a gloomy year
Two months of upward pricing pressure meant a positive close to 2023 for ferrous scrap generators and processors.
