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Export collapse, tariffs weigh on US scrap prices
30,2025 08:00 AM
As May trading approaches, pressure on US domestic scrap prices continues to build, fuelled by peaked finished steel prices, the collapse of export markets in April, and seasonally increasing scrap inflows.
Steel News
Trump to speed up deep-sea mining development
Cyclic Materials to build $20 million recycling plant in Arizona
China March crude steel output hits 10-month high on improved margins
Nucor cuts prices for hot rolled coils for the first time since the beginning of the year
Goldman Sachs cuts aluminium price forecast on weaker growth outlook
Cleveland-Cliffs opens May orders for HRC at $975/t
More Steel News
Cleveland-Cliffs opens May orders for HRC at $975/t
United States April 11,2025 06:00 AM
American steelmaker Cleveland-Cliffs has announced the opening of its May order book for hot rolled steel (HRC), setting…
Global, domestic steel, raw material prices slide in FY'25. HRC, imported iron ore take biggest hit
United States April 10,2025 08:00 AM
All global and Indian steel and raw material prices showed a y-o-y slide in the Indian financial year 2024-25 (FY'25) ,…
Nucor reaches peak price growth for hot rolled coils
United States April 01,2025 07:00 AM
US steelmaker Nucor has released its weekly spot price (WSP) for hot rolled coil (HRC), leaving offers unchanged from the…
US prices for CRC exhausted growth potential by end of March
United States March 28,2025 07:00 AM
The price of cold rolled coils in the US remained unchanged from March 7 to March 28. Producer offers were at $1,162/t EXW,…
Global pig iron prices rose by the end of March
United States March 26,2025 08:00 AM
Pig iron price quotations in Brazil for the period from March 14 to 21 increased by $20/t, to $450/t FOB Ponta da Madeira,…
Scrap prices rose slightly in mid-March
United States March 24,2025 06:00 AM
The cost of HMS 1&2 scrap (80:20) in China reached $340/t CFR by mid-March, according to Kallanish. The weekly increase…
Recycling associations concerned about EC proposals in steel and metals action plan
United States March 21,2025 08:00 AM
The recycling associations BIR and EuRIC have issued a joint statement expressing concern over the export proposals in the…
Global CRC prices increase in March
United States March 20,2025 08:00 AM
The price of cold rolled coil in North America increased from $1,125/t EXW as of February 28 to $1,162/t EXW as of March…
EU proposes cutting steel imports by 15% as Trump tariffs bite
United States March 19,2025 07:00 AM
The European Union will tighten steel import quotas to reduce inflows by a further 15% from April, a senior EU official…
Nucor raises prices for hot-rolled steel once again – up to $930/t
United States March 18,2025 09:00 AM
The US steel company Nucor has announced another increase in the spot price (CSP) for hot rolled coil (HRC). Starting from…
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