Continuing Iron Age's Century-Long Tradition

Scrap Magnet

Torn from the pages of Iron Age, Scrap Magnet has been appearing within Fastmarkets SPB for more than 20 years.  Digging deep into more long-term market factors, Scrap Magnet covers issues like scrap exports, transportation issues, spreads between prime scrap grades and shredded scrap and sustained downward trends in scrap pricing.

 

U.S. steel industry blasts out of the blocks in the first half of 2018

By Bill Beck - August 20, 2018

As the summer of 2018 begins to wind down, the nation’s steel industry is enjoying one of its better years in decades. U.S. gross domestic product (GDP) is clipping along at just over 4 percent on an annual average basis, hot-rolled coil is selling for nearly $900 a ton, and the Trump Administration has slapped a 25 percent tariff on steel imported into the U.S.
 

Steel market reaches fork in the road for second half of the year

By Sean Barry - July 16, 2018

What a difference a year can make in the U.S. steel industry. Just 12 months ago the tone of American Metal Market’s Steel “Survival” Strategies conference was one of doom and gloom amid a depressed pricing environment and the lingering impact of high import levels on domestic production.

Scrap demand to be underpinned by further growth in electric arc furnace sector – SMA

By Bill Beck - June 18, 2018

As the summer of 2018 gets underway, the nation’s steel industry is enjoying one of its better years in decades. The U.S. GDP is clipping along at better than a 3.5 percent annual average, hot-rolled coil is selling for nearly $900 a ton, and the Trump Administration has slapped a 25 percent tariff on steel imported into the U.S.
 

The new geographical realities of steel and scrap

By Bill Beck - May 21, 2018

The announcement in mid-March that Big River Steel is looking into the possibility of doubling capacity at the greenfield mill on the Mississippi River in Arkansas was hardly surprising. President Donald Trump’s decision to levy Section 232 tariffs of 25 percent against steel coming into the United States from a number of countries immediately led to speculation that U.S. mills would increase capacity to take advantage of what the industry terms “a more level playing field.”
 

U.S. pig iron poised to shine in 2018 on robust demand and supply crimp

By Sean Barry - April 24, 2018

Buoyed by a stellar 2017 when a rebound in demand boosted prices, the U.S. pig iron market is expected to build on that momentum through this year amid reports of solid order books and tight supply, driven largely by the lingering impact of limited exports out of Brazil, according to market players.
 

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