Category: Market

Steel Market Update has been diligently working toward completing our SMU Steel Summit Conference agenda. We have been intentionally taking our time as we wait for market developments to mature and provide guidance as to what subjects will be the most pressing to the manufacturing companies, fabricators, steel distributors, steel mills, trading companies, toll processors […] The post Steel Summit Agenda is Strong and Getting Stronger appeared first on Steel Market Update.

Steel Market Update has been diligently working toward completing our SMU Steel Summit Conference agenda. We have been intentionally taking our time as we wait for market developments to mature and provide guidance as to what subjects will be the most pressing to the manufacturing companies, fabricators, steel distributors, steel mills, trading companies, toll processors […] The post Steel Summit Agenda is Shaping Up appeared first on Steel Market Update.

The following article on the hot rolled coil (HRC) steel and financial futures markets was written by Jack Marshall of Crunch Risk LLC. Here is how Jack saw trading over the past week: Announced steel tariffs provide less uncertainty and give the markets an opportunity to retrace. Steel March has proven to be a volatile […] The post Hot Rolled Steel and Scrap Futures: Opportunity to Retrace appeared first on Steel Market Update.

Ferrous scrap prices are expected to rise $20 to $30 per gross ton in April, and possibly more, according to Steel Market Update sources. All grades are expected to see increases, and with relative parity across the country. One dealer told SMU there is pressure on obsolete grades as the long winter has impeded the […] The post Scrap Prices Expected to Jump in April appeared first on Steel Market Update.

The world’s scrap trade continues to expand as the growth of global GDP accelerates. Steel Market Update performs this analysis quarterly to help readers understand the gyrations of the global scrap market. This data is a quarter in arrears because some nations are slow to report. In the 12 months of 2017, U.S. scrap exports increased […] The post Scrap Trade: Expanding with Global GDP appeared first on Steel Market Update.

Stronger domestic demand for steel products, combined with feedstock and transportation problems, sent ferrous scrap prices on divergent paths in various parts of the country this month, reports scrap guru Mike Marley of World Steel Exchange Marketing. Tight supplies of key obsolete grades produced pricing moves ranging from unchanged for industrial steel grades in several […] The post Marley: Several Factors Reshaping the Scrap Market appeared first on Steel Market Update.

The following article on the hot rolled coil (HRC) steel and financial futures markets was written by Jack Marshall of Crunch Risk LLC. Here is how Jack saw trading over the past week: Steel HR futures prices have moved up. POTUS has been keeping the HR futures market hopping this week. The plethora of news […] The post Hot Rolled Steel and Scrap Futures: Market’s Hopping appeared first on Steel Market Update.

Ferrous scrap prices have risen at a greater rate than expected by sources quoted in Steel Market Update last month. Scrap guru Mike Marley of World Steel Exchange Marketing reports that recent price increases have varied by region to region, and even within a few regions. In the North, shredded and cut grades are up […] The post Ferrous Scrap Prices on the Upswing appeared first on Steel Market Update.

As much as the mills are gloating about President Trump’s decision to lay a 25 percent tariff on foreign steel, remember one thing – not one of them asked for it. When it was handed to them, they took it. They did not fight to protect those products that they don’t like to make (or […] The post Final Thoughts appeared first on Steel Market Update.

Ferrous scrap prices for March delivery are expected to increase by around $10 per ton, report Steel Market Update’s scrap market sources. “Strong demand for raw materials both domestically and internationally are allowing little chance ferrous scrap prices will drop in March,” said one East Coast dealer. “All the mills I sell to will have […] The post Scrap Prices to See Modest Bump in March appeared first on Steel Market Update.