Category: Prices

SMU contributor Bryan Tice is a partner at Metal Edge Partners, a firm engaged in Risk Management and Strategic Advisory. He and the firm design and execute risk management strategies for clients. They also provide process and analytical support. Before joining Metal Edge Partners, Bryan held commercial leadership roles involving purchasing, sales, and risk management […] The post Hot Rolled Futures: Black Smoke Rising appeared first on Steel Market Update.

Prices for each of the steelmaking raw materials tracked in this SMU analysis decreased over the last 30 days, further declining from the record-high levels seen in March and April. Through the latest data available as of Sept. 21, zinc prices decreased 12% in the last month, busheling scrap and aluminum prices fell 7%, pig […] The post Steelmaking Raw Material Prices Fall Further in September appeared first on Steel Market Update.

US plate prices fell this week, responding to Nucor’s latest price announcement on Monday, Sept. 19. Price tags remain under pressure and further declines are expected through the fourth quarter as spot demand is likely to remain limited. But few expect Nucor’s latest plate price announcement to generate any immediate business, sources told SMU, speculating […] The post Plate Market Report: Prices Fall, More Easing Expected appeared first on Steel Market Update.

The spread between hot-rolled coil (HRC) and prime scrap prices has changed course in recent weeks, according to Steel Market Update data. Busheling scrap prices declined for the fifth consecutive month in September, while hot-rolled prices have levelled out in recent weeks. Overall, we had seen a shrinking delta between the two products from May […] The post Hot Rolled vs Scrap Price Spread Inching Back Up appeared first on Steel Market Update.

By CRU Research Analyst Rosy Finlayson, from CRU’s Steelmaking Raw Materials Monitor European scrap prices remained relatively unchanged month-on-month (MoM) in September. Buying activity has been slow after the summer holidays despite this being the normal restocking period. Finished steel mills are reportedly sufficiently stocked at present. Scrap prices in Europe now range between €300 […] The post CRU: European Scrap Prices Stagnate, Buying Activity Remains Low appeared first on Steel Market Update.

Turkish scrap prices fell on two fresh deals in the week commencing 12 September, down to $349 /t CFR for HMS 1/2 80:20 (-$22 /t w/w, -$46 /t m/m). Scrap prices(1) $/t19-Aug26-Aug02-Sep09-Sep16-SepHMS 1/2 80:20 CFR Turkey395393396371349Shredded CFR Turkey415413416391369Notes: (1) weighted average of known transactions from all points of origin. The previous hike in Turkish longs offers […]

The following article on the hot-rolled coil (HRC), scrap and financial futures markets was written by Jack Marshall of Crunch Risk LLC. Here is how Jack saw trading over the past week: Hot Rolled This futures market has no direction currently, summing up the sentiment in hot rolled as of late. After a slight index […] The post Hot Rolled Futures: Faulty Compass Leaves Market Participants Sidelined appeared first on Steel Market Update.

Steel Market Update sources report ferrous scrap prices declined by as much as $30 per gross ton in September, going against previous expectations that prices would remain stable or even increase. September marks the sixth consecutive month of declines since March–April’s record high prices. Prime scrap fell by $30 per gross ton from the month […] The post Scrap Prices Decline in September, Against Expectations appeared first on Steel Market Update.

Prices for most European grades declined in August The European scrap market has been impacted by weak demand. All of our contacts who buy scrap to feed their production have reported being less active on the spot market. Some even took the decision to stop buying scrap until further notice, and instead use their existing […]

Turkish scrap import prices decreased w/w Turkish scrap prices fell last week, down to $371 /t CFR for HMS 1/2 80:20 (-$25 /t w/w, -$21 /t m/m). Trading activity has remained thin. Scrap prices(1) $/t12-Aug19-Aug26-Aug02-Sep09-SepHMS 1/2 80:20 CFR Turkey392395393396371Shredded CFR Turkey412415413416391Notes: (1) weighted average of known transactions from all points of origin. After the announcement of […]