• 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
IKEA Warns U.S. Shoppers May Face Higher Prices as New Tariffs Take Effect

IKEA Warns U.S. Shoppers May Face Higher Prices as New Tariffs Take Effect

10/01/2025
Trump Highlights Tariffs as Key to U.S. Economic Strategy

Trump Highlights Tariffs as Key to U.S. Economic Strategy

10/01/2025
Trump, Pfizer Reach Agreement on Drug Pricing and Tariff Exemption

Trump, Pfizer Reach Agreement on Drug Pricing and Tariff Exemption

10/01/2025
Tariffs, Trade and Preferences: What If AGOA Ends?

Tariffs, Trade and Preferences: What If AGOA Ends?

10/01/2025
Trump Unveils Tariffs on Timber, Furniture; Pfizer Secures Deal

Trump Unveils Tariffs on Timber, Furniture; Pfizer Secures Deal

10/01/2025
AIR-GO Consultants Limited Nominated for the Go Global Awards 2025

AIR-GO Consultants Limited Nominated for the Go Global Awards 2025

10/01/2025
Trump Announces Plan for 100% Tariff on International Film Imports

Trump Announces Plan for 100% Tariff on International Film Imports

09/30/2025
New U.S. Tariffs on Lumber and Furniture Could Affect Housing and Trade

New U.S. Tariffs on Lumber and Furniture Could Affect Housing and Trade

09/30/2025
Experts Question Trump’s Latest Tariffs on Kitchen and Bathroom Products

Experts Question Trump’s Latest Tariffs on Kitchen and Bathroom Products

09/30/2025
Casual Films Expands Global Reach with Creative Collaboration in Asia

Casual Films Expands Global Reach with Creative Collaboration in Asia

10/01/2025
Trump Sets 10% Tariff on Lumber, 25% on Furniture and Cabinets

Trump Sets 10% Tariff on Lumber, 25% on Furniture and Cabinets

09/30/2025
Trump Plans 100% Tariff on Foreign-Made Films Imported to U.S.

Trump Plans 100% Tariff on Foreign-Made Films Imported to U.S.

09/30/2025
supplychainreport
Sunday, October 5, 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

IKEA Warns U.S. Shoppers May Face Higher Prices as New Tariffs Take Effect

Trump Highlights Tariffs as Key to U.S. Economic Strategy

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.