Amy Jane Hinton

The one-day conference provided a much-needed opportunity for market participants to convene during a particularly turbulent time in macroeconomic and energy markets, the impacts of which have segued into their feedstock counterparts.

Key takeaways: The US prime steel scrap contracts market is undergoing major renegotiations amid high premiums and profitability concerns A correction in the US prime scrap market reflects shifting leverage from sellers to mills Oversupply and price fatigue are leading to new contract terms for prime steel scrap deals across North America Negotiations were continuing for prime ferrous scrap contracts in the US.

Ferrous scrap Pricing notice United States This price is a part of the Fastmarkets scrap package. For more information on our North America Ferrous Scrap methodology and specifications please click here. To get in touch about access to this price assessment, please contact customer.success@fastmarkets.com.