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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.
HMS 1 is the term for heavier scrap which has a density of at least 0.7 tons per cubic meter, whereas HMS 2 would be lighter steel scrap Because both grades guarantee a minimum piece thickness – at least 1 ⁄ 4 inch (6.35 mm) for HMS 1, and 1 ⁄ 8 inch (3.175 mm) for HMS 2 – consignments have a high density. Both also have defined maximum ...
Some scrap yards' websites have updated scrap prices. 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 ...
To supply its mills, Nucor uses electric arc furnaces and continuous casting to melt scrap steel as opposed to blast furnaces to melt iron. In 2023, the company produced and sold approximately 18.5 million tons of steel and recycled 18.4 million tons of scrap. [1] None of Nucor's mills are unionized and the corporate culture is opposed to trade ...
Metal prices are the prices of metal as a commodity that are traded in bulk at a predefined purity or grade. Metal can be split into three major categories, precious metals, industrial metals and other metals. Precious metals and industrial metals are priced by trading of those metals on commodities exchanges. [1]
The bad news, of course, is that if you're sitting on a pile of scrap, its value has tanked as well. Not all is dire, Raising cash in a hurry #14: Salvage your bank account with scrap metal
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