Category: Prices

The spot market remains quiet on fears of a potential United Auto Workers (UAW) union strike late next week. The post Final Thoughts appeared first on Steel Market Update.

Turkish scrap import prices have remained relatively stable over the past two weeks due to slow trade activity. This was partly due to the holiday on August 30. CRU’s latest price assessment for HMS1/2 80:20 is $368 /metric ton CFR, up $1 /metric ton week-over-week (WoW) and up $21 /metric ton month-over-month (MoM). The holiday […] The post CRU: Turkish Scrap Prices Stabilize Due to Limited Buying Activity appeared first on Steel Market Update.

Scrap sources had a mixed outlook for US scrap prices for September. The post Scrap Outlook Mixed for September appeared first on Steel Market Update.

Leading voices in US the scrap industry discussed the current outlook and future challenges at Steel Summit 2023’s panel on Scrap and Metallics: Navigating the Boom in EAF Sheet Production. The post Steel Summit: US Scrap Industry Is Up to EAF Expansion Challenge appeared first on Steel Market Update.

Metals and electronics recycler Sims Ltd. reported lower earnings in its North America Metal division for its fiscal-year 2023 that ended June 30 due to “falling sales prices and strong domestic competition.” The post Sims’ FY’23 N. America Earnings Dip, But Touts Recent US Buys appeared first on Steel Market Update.

The spread between hot-rolled coil (HRC) and prime scrap prices narrowed further in August, according to Steel Market Update’s most recent pricing data. The post US HRC, Busheling Scrap Price Spread Narrows in August appeared first on Steel Market Update.

The US scrap market showed some stability in August, with prices mostly sideways on busheling and shredded grades, and HMS prices ticking up from the previous month, sources said. The post US Busheling, Shred Tags Level Off in August, HMS Up appeared first on Steel Market Update.

Sheet prices were mixed this week with hot-rolled coil (HRC) and galvanized base prices slipping again even as cold-rolled tags inched up. The post SMU Price Ranges: HRC Dips Below $800 per ton appeared first on Steel Market Update.

The summer cycle has brought more focus around the uncertainty of where HR prices are headed.   Spot indexes continue to bleed lower despite price hikes from sheet mills. Market talk is of still lower prices as the gap grows between the slow-moving index versus expectations for HR future prices declines. (The index likely reflects smaller, […] The post HRC Futures: Supply/Demand Uncertainty Pushes HR Forward Curve Lower and Flatter appeared first on Steel Market Update.

Sheet prices slipped for the third consecutive week on continued discounts from certain mills for larger buyers. The post SMU Price Ranges: Sheet Price Slide Again as Volume Discounts Continue appeared first on Steel Market Update.