Ferrous Markets
SDI’s earnings rise quarter on quarter
The recycled-content metals producer netted more than $300 million in this year’s second quarter and says its new aluminum plant is poised to produce.
More in Ferrous Markets
Ferrous market spends June in a steady state
Three benchmark grades of recycled steel have traded in a narrow range since mid-April, based on U.S. mill purchase prices.
BIR World Recycling Convention 2025: Recycled steel usage stalls in 2024
Despite increased global electric arc furnace market share, most major steel-producing nations melted less ferrous scrap last year compared with 2023.
RMDAS tracking shows $40 ferrous price drops in May
Mills in the United States have been able to buy recycled steel for up to $50 per ton less in May compared with April.
Turkey neglects US scrap in favor of Russian shipments
While U.S. recycled steel shipments to Turkey fell by 23 percent in the first quarter, that nation’s mills more than doubled their purchases of Russian ferrous scrap.
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.
Greenwave closes 2024 books with red ink
The metal recycling firm’s delayed annual report shows continued financial losses and mounting debts.
Steel Dynamics nets $217M on record shipments
Recycled-content steelmaker also expects to make and sell flat-rolled aluminum by the middle of this year.
Massive Chinese steelmaking rebound recorded in March
A 17 percent month-on-month postholiday surge in China’s steel output lifted the March global total, according to the World Steel Association.
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.
