Ferrous
RMDAS April figures show recycled steel price setback
Steel mills paid from $20 to $40 less per ton for benchmark recycled steel grades in late March and the first three weeks in April.
More in Ferrous
Tariffs drive surge in March construction materials prices, ABC says
Iron and steel, steel mill products and copper wire and cable prices rose more than 5 percent for the month, according to ABC Economist Anirban Basu.
Radius loses money, says merger on track
Recycling company says scrap flows were tight in the winter of 2024-2025, announces its board has approved the firm’s sale to Toyota Tsusho America.
Ferrous price hikes could be poised to pause
Several factors indicate bids from domestic mills and overseas buyers are unlikely to come in higher in April.
Greenwave asks for SEC filing extension
The metals recycling company says its 2024 results will be finalized later this month, within a 15-day extension window allowed by the Securities and Exchange Commission.
Registration opens for Scrap Expo 2025
Scrap Expo returns to Louisville, Kentucky, Sept. 16-17.
2 factors raise ferrous export questions in April
The end of Ramadan and political unrest in Turkey each could restrain enthusiasm for American ferrous scrap purchases in early April.
Recycled steel price crosses $500 per ton threshold
Steel mills in the northern U.S. have been paying $501 per ton for prompt ferrous scrap in March, according to RMDAS.
Nucor expects slimmer profits in early 2025
While Nucor expects to earn less than half of what it did the prior quarter, U.S. Steel anticipates losing money this quarter.
Radius to be acquired by Toyota subsidiary
Century-old metal recycling and steelmaking firm formerly known as Schnitzer Steel is being acquired by Toyota Tsusho America Inc.
Pacific Steel selects Danieli as EAF equipment supplier
Italian company’s status on the project was the focus of a lawsuit between Pacific Steel and CMC earlier this decade.
