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American Metal Market (AMM) is an online provider of industry news and metal pricing information for the U.S. steel, nonferrous and scrap markets. Products include a daily publication available electronically, live news on the publication's website, a hard-copy magazine and a series of weekly newsletters covering niche markets.
In the US, scrap prices are reported in a handful of publications, including American Metal Market, based on confirmed sales as well as reference sites such as Scrap Metal Prices and Auctions. Non-US domiciled publications, such as The Steel Index , also report on the US scrap price, which has become increasingly important to global export markets.
The industry produced over 74 million net tons per year as of November 2024. [1] Most iron and steel in the United States is now made from iron and steel scrap, rather than iron ore. The United States is also a major importer of iron and steel, as well as iron and steel products.
Michigan. $0.34. Minnesota. $0.35. ... Tin scrap in the U.S. generally goes for $110 per ton on today's open market. ... Scrap metal prices are determined by current market conditions and will ...
For each commodity they quote a range (low and high price) which reflect the buying and selling about 9-fold due to China's transition from light to heavy industry and its focus on manufacturing. [2] China became the world's largest consumer of iron ore in 2003, [ 3 ] and accounts for over half of global metal consumption.) [ 4 ]
In 1948, McLouth Steel started its $100 million expansion program by purchasing riverfront property in Trenton, Michigan, with General Motors providing a $25 million loan. [1] Purchasing war surplus equipment from a Chicago mill (at bargain prices), [2] the first major construction program started soon afterward. The site was laid out and four ...
Modern vehicle recycling attempts to be as cost-effective as possible in recycling those residual materials. [1] Currently, 75% of the materials can be recycled, with the remaining 25% ending up in landfill. [2] As the most recycled consumer product, end-of-life vehicles provide the steel industry with more than 14 million tons of steel per ...
Recycling is via a steelworks: scrap is either remelted in an electric arc furnace (90-100% scrap), or used as part of the charge in a Basic Oxygen Furnace (around 25% scrap). [20] Any grade of steel can be recycled to top quality new metal, with no 'downgrading' from prime to lower quality materials as steel is recycled repeatedly. 42% of ...