Stephanie Ritenbaugh

A weaker steel market and lower prices in Europe dragged down SSAB’s earnings during the last three months of 2023.

Low manufacturing activity and higher interest rates took a toll on Radius Recycling’s profits during the Oregon-based company’s most recent quarter. Radius reported a net loss of $34 million, or $1.19 per share, during its fiscal second quarter. In the previous quarter, Radius saw a net loss of $18 million, or 64 cents per share.

Next week, Las Vegas will host the largest recycled materials industry event. ISRI’s annual gathering at the Mandalay Bay Resort and Casino will unite more than 6,000 industry professionals to explore the latest trends in ferrous and nonferrous markets, provide networking opportunities, and support business growth.

Operating income from Steel Dynamics Inc.’s (SDI) recycling operations clocked in higher in the second quarter than in the first on increasing volumes and despite lower realized pricing.

Canadian steelmaker Stelco saw second-quarter profit slip compared to a year ago.

With a surplus of ferrous scrap supply in the US, Steel Dynamics Inc. (SDI) said one key to maintaining costs is watching the price of conversion.

In the 1980s, there were so many political moderates in the Senate that they had their own gathering — the Wednesday Lunch Club. It’s the type of gathering that would be unheard of in today’s sharply divided political climate.

A year ago, Dr. Anirban Basu, chairman and CEO of the Baltimore-based Sage Policy Group, told a crowd that the remainder of the decade should be historically strong for steel demand.

In the US, does the scrap market drive the price of steel or vice versa?

George Adams said he feels fortunate to be able to work with his kids at SA Recycling, the company his family founded.