Sector
Scrap steel and iron: shredded, busheling, HMS grades, mill demand, EAF capacity and freight.
Cargo economics out of Baltimore and Camden have deteriorated by roughly $14 a tonne since May, pushing at least two exporters to clear bulk cargoes into the domestic market instead.
Three merchant bar and plate projects due on line through 2027 will add roughly 4.1 million tons of annual Ohio Valley melt, into a busheling market that is not growing at all.
Obsolete intake fell sharply through a wet June, but muted mill bidding stopped the busheling premium widening past $90 a gross ton — a spread dealers had been counting on.
Newsletters
Prices, policy and plant news for scrap, plastics, paper and e-scrap operators. Weekday mornings, free.
Free. Unsubscribe in one click. We never sell your address — read the standards.
