Domestic mills buy their ferrous scrap in late May and June for up to $40 less per ton compared with the prior month. In the most recent 30-day RMDAS period, the No. 2 shredded scrap price fell by $19 ...

Steel prices, which had been on an upward trajectory since the COVID-19 pandemic, started softening late in the third quarter of 2021 as steel supply increased and lead times shortened. Ferrous scrap ...

A recent FT report reveals that Chinese scrap traders have been actively pursuing tungsten supplies in the US since early 2025, preying on a global shortage caused by declining mine output and strong ...