European scrap prices mostly stable in a balanced market
European scrap prices were mostly unchanged m/m in February because weak demand was relatively balanced by limited supply.
Category: Market
Scrap prices edge down in the US, while remain steady in Brazil
US scrap prices fell again this month, as ample availability and tepid demand put downward pressure on the market
Scrap prices hit by weak demand offsetting tight supply
Supply decreased for both scrap and pig iron due to seasonal factors, but availability remained ample amid tepid demand in a challenging steel market.
Turkish buyers hold off purchases amid demand uncertainty
Turkish scrap import prices decreased last week.
Global scrap prices likely to end Q1 on a weak note
Scrap prices are expected to remain mostly stable across key markets in March
Sims sees US as bright spot in scrap world
Sims sees US as bright spot in scrap world
UAW, Ford reach tentative pact, avert strike at Kentucky Truck Plant
UAW, Ford reach tentative pact, avert strike at Kentucky Truck Plant
Final thoughts
Everyone knows the old saying that “a picture is worth a thousand words.” Just because it’s a cliché doesn’t mean that it’s wrong. A lot of inked has been spilled trying to figure out why prices are falling now. I thought it might be as simple as this: Market dynamics in the fourth quarter (UAW strike, companies buying ahead of an anticipated post-strike price spike, etc.) pulled forward restocking activity that typically happens in the first quarter. The post Final thoughts appeared first on Steel Market Update.
CRU: Scrap prices hit by weak demand offsetting tight supply
The CRUmpi declined by 1.7% month over month (m/m) to 325.2 in February, compared to a 4.3% m/m increase in February 2023. The post CRU: Scrap prices hit by weak demand offsetting tight supply appeared first on Steel Market Update.
Steel market chatter this week
What's the steel market talking about at present? The post Steel market chatter this week appeared first on Steel Market Update.