• Latest
  • Trending
  • All
  • Industry
  • Compliance
  • Global Trade
  • Industry
  • Sustainability & Ethics
  • Video
  • Security & Risk
Recent Trends Show Decline in Ferrous Scrap Prices Across Most US Regions

Recent Trends Show Decline in Ferrous Scrap Prices Across Most US Regions

02/20/2024
Shipping & Procurement Consultants Group (Inc.) Limited: Driving Global Trade and Logistics Excellence

Shipping & Procurement Consultants Group (Inc.) Limited: Driving Global Trade and Logistics Excellence

10/14/2025
Naneuleshan Apparel Limited Nominated for the Go Global Awards 2025

Naneuleshan Apparel Limited Nominated for the Go Global Awards 2025

10/14/2025
U.S. to Impose 100% Tariff on Chinese Goods After Rare-Earth Export Curbs

U.S. to Impose 100% Tariff on Chinese Goods After Rare-Earth Export Curbs

10/13/2025
U.S. to Impose New 100% Tariffs on Chinese Goods

U.S. to Impose New 100% Tariffs on Chinese Goods

10/13/2025
Markets Rally as Trump Suggests Flexibility on Planned China Tariffs

Markets Rally as Trump Suggests Flexibility on Planned China Tariffs

10/13/2025
U.S. Tariff Threat Met with Firm Response from China, Calls Grow for Dialogue

U.S. Tariff Threat Met with Firm Response from China, Calls Grow for Dialogue

10/13/2025
China Responds to U.S. Tariff Threat, Defends Rare Earth Export Policies

China Responds to U.S. Tariff Threat, Defends Rare Earth Export Policies

10/13/2025
Markets Rebound as Trump Signals Possible Easing of China Tariff Threat

Markets Rebound as Trump Signals Possible Easing of China Tariff Threat

10/13/2025
Warning from China Over Planned U.S. 100% Tariff Increase

Warning from China Over Planned U.S. 100% Tariff Increase

10/13/2025
China Responds to U.S. Tariff Threat, Calls for Balanced Trade Dialogue

China Responds to U.S. Tariff Threat, Calls for Balanced Trade Dialogue

10/13/2025
Malaysia Warns U.S. Chip Tariffs Could Hurt Competitiveness

Malaysia Warns U.S. Chip Tariffs Could Hurt Competitiveness

10/13/2025
ASASOFT GROUP Nominated for the Go Global Awards 2025

ASASOFT GROUP Nominated for the Go Global Awards 2025

10/10/2025
supplychainreport
Tuesday, October 14, 2025
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars
No Result
View All Result
supplychainreport
No Result
View All Result

Recent Trends Show Decline in Ferrous Scrap Prices Across Most US Regions

by Geraldine S.
02/20/2024
in Global Trade

Recent data from MSA Inc.’s Raw Material Data Aggregation Service (RMDAS) indicates a decrease in the value of high-volume ferrous scrap grades in various regions of the United States throughout late January and the initial weeks of February. An exception to this trend was observed in the RMDAS North Central/East region, where shredded scrap prices remained stable, showing neither gains nor losses.

Mid-February reports suggest that export demand is not expected to elevate scrap prices for the remaining days of the month. Despite stable production levels, the domestic steel industry has experienced a slight decline in output compared to the previous year.

YOU MAY ALSO LIKE

Naneuleshan Apparel Limited Nominated for the Go Global Awards 2025

U.S. to Impose 100% Tariff on Chinese Goods After Rare-Earth Export Curbs

RMDAS recorded transaction figures from January 20 to February 19, 2024, reveal a decrease in the national average price for prompt scrap grades by $19 per ton. Additionally, No. 1 heavy melting steel (HMS) saw an $11 reduction in value, and shredded scrap prices dropped by $5 per ton.

The South region reported a more significant decrease in the prompt industrial composite grade, with a loss of $27 per ton, compared to the North Midwest and North Central/East regions, where prices fell by $7 and $16 per ton, respectively.

While shredded scrap prices were stable in the North Central/East region, the North Midwest saw a $2 per ton decrease, and the South experienced a $12 per ton drop. No. 1 HMS, often exported, faced its most considerable value decrease in the North Midwest, with a $17 per ton loss.

In regions with better access to export docks, such as the North Central/East and South, No. 1 HMS prices fell by $9 and $10 per ton, respectively.

On a positive note, the American Iron and Steel Institute (AISI) reported a slight increase in domestic raw steel production by 0.6 percent in the week ending February 17, 2024, compared to the preceding week. However, the total output for the year remains lower than the figures recorded in early 2023.

Comparison of steel production volumes shows a 4.4 percent decrease from 1.8 million tons in the week ending February 17, 2023, to 1.72 million tons in the corresponding week in 2024. Year-to-date production through February 17 also fell by 1.8 percent from the previous year.

The AISI highlighted a slight reduction in mills’ operating capacity, from 78.1 percent in the early weeks of 2023 to 76.5 percent in the same period in 2024.

Furthermore, the Davis Index reported that overseas buyers were able to secure ferrous scrap from East Coast ports at up to $5 per ton less in the third week of February compared to the previous week. The dockside price for #1 HMS saw reductions in several major cities, with the most significant price drops reported in Boston and Philadelphia. Gulf Coast buyers achieved a smaller discount of $1 per ton during the same period.

Discover supply chain news insights on The Supply Chain Report. Enhance your international trade knowledge at ADAMftd.com with free tools.

#FerrousScrap #SteelIndustry #RMDAS #AISI #MetalMarketTrends #ScrapPrices #SteelProduction #RawMaterialData #DomesticSteel #MarketAnalysis #EastCoastScrap #HMS #ScrapMetal #SteelPrices #ManufacturingInsights

ShareTweet

Subscribe Our Newsletter

Share Your News

Whether it’s a groundbreaking achievement, a heartwarming tale, or an insightful perspective, we want to hear it. Share your news with us, and let’s amplify your voice in the digital symphony of stories.

Submit

A man is riding a bike on a hill.

The Supply Chain Report is your essential daily news website, serving as a trusted source for comprehensive coverage of the complex and ever-evolving global supply chain dynamics. Our expert team delves into the intricacies of international trade, manufacturing, logistics, importing, exporting, and supply chain management; providing in-depth analysis and up-to-date news on the latest trends, disruptions, and technological advancements affecting industries worldwide. From detailed reports on international trade through to insights into procurement strategies and inventory management, we offer valuable content that helps professionals stay informed and make knowledgeable decisions in a fast-paced market.

Each day, we bring you cutting-edge news and expert commentary that dissect significant international trade and supply chain issues Our coverage spans a wide array of sectors including manufacturing, retail, healthcare, food, consumer goods, and technology, ensuring that no matter your field, you have the strategic information needed to navigate the challenges and opportunities of today’s supply chain landscape. By synthesizing complex data and presenting actionable insights, The Supply Chain Report empowers business leaders, policymakers, and logistics professionals to optimize their operations and drive forward with confidence in an interconnected world.

Connect With Us

  • About
  • Events
  • Privacy Policy
  • Contact Us

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.

No Result
View All Result
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.