Scrap Metal News
Recycling industry news and updates from global markets
February 17,2025 07:00 AM
Pig iron prices in the Black Sea ports fell to their lowest level since August 2020 in early 2025, reaching $330/t as of February 14. A corresponding decline in the Black Sea market has been observed…
February 14,2025 07:00 AM
At the beginning of 2025, the global rebar market is in a state of instability. Most regions are experiencing price growth, while Turkey and Northern Europe are experiencing a slight decline. Market dynamics…
February 13,2025 07:00 AM
The global scrap market started 2025 with mixed dynamics. In the US and Europe, prices are gradually rising amid limited supply and strong demand, while in China they are declining due to weak activity…
February 12,2025 06:00 AM
Two US steel companies, Nucor and Gerdau, have announced a $2 per hundred pounds (equivalent to $40 per short ton) price increase for rebar, Kallanish reports, citing official letters from the companies…
February 11,2025 08:00 AM
American steelmaker Nucor has announced another increase in its spot price (CSP) for hot rolled coil (HRC). Starting February 10, 2025, the base price will be $790 per short tonne for all of the company’s…
February 10,2025 08:00 AM
President Donald Trump is expected to introduce new 25% tariffs on Monday on all steel and aluminium imports into the U.S., on top of existing metals duties, in another major escalation of his shake-up…
February 07,2025 07:00 AM
Iron ore prices in early February 2025 were marked by an increase after a decline in January. As of February 6, May futures on the Dalian Exchange stood at $112.22/t, up 5.6% from the end of 2024, while…
February 06,2025 08:00 AM
The American Iron and Steel Institute (AISI) reported today that for the month of December 2024, U.S. steel mills shipped 7,145,016 net tons, a 0.9 percent increase from the 7,082,921 net tons shipped…
February 05,2025 07:00 AM
American steel company Nucor has announced an increase in the spot price (CSP) for hot rolled coil (HRC) to $775 per short ton, up $15 from last week. This is the second weekly increase in a row, as earlier…
February 05,2025 06:00 AM
The current shortage of scrap in Italy is expected to drive prices higher in February, as reduced activity among steel mills during December, coupled with a declining manufacturing production is leading…
February 03,2025 06:00 AM
U.S. companies will look to the Middle East and India for more aluminium and to Chile and Peru for copper as they seek to circumvent sweeping tariffs imposed by U.S. President Donald Trump, according…
January 31,2025 08:00 AM
Safe-haven demand due to geopolitical uncertainties and concerns over global economic growth amid U.S. President Donald Trump's tariff plans have hoisted gold prices to a record high, once again bringing…