Steel Market Update’s latest look at commodity prices shows pig iron up, iron ore and zinc down, and coking coal and scrap stable in recent trading. Table 1 summarizes the current prices of the five materials considered in this report and the year-over-year change. Iron Ore The price of 62% fines delivered North China was […] The post Raw Material Prices: Scrap, Zinc, Iron Ore, Coke, Pig Iron appeared first on Steel Market Update.
The ferrous scrap market is showing small signs of weakness looking ahead to August, report Steel Market Update sources, who say prices on obsolete grades such as shredded and heavy melt are likely to decline anywhere from $5 to $20 per ton next month, while pricing of busheling and bundles will remain unchanged. Demand for […] The post SMU Scrap Sources See Small Decline for Obsolete Grades in August appeared first on Steel Market Update.
Scrap is trading lower in August. Steel Market Update sources in the ferrous scrap market report that the price of obsolete grades has declined by about $20 per ton and prime by $10 per ton. Weakness in foreign markets has reduced scrap exports, increasing the domestic supply. “Looking forward, I don’t expect prices to really […] The post Ferrous Scrap Prices Down in August appeared first on Steel Market Update.
As of the first week of September, with the market still unsettled, ferrous scrap was expected to trend down for the month by another $20 per ton for obsolete grades and perhaps that much for prime, report Steel Market Update sources. On Friday afternoon, we did hear that prices settled in some of the markets […] The post Ferrous Scrap Down $20-$25 in Early September Trades appeared first on Steel Market Update.
Following on declines in August and September, ferrous scrap prices in October are settling at an increase of $20 per ton for prime grades and $10 per ton for obsolete grades, according to Steel Market Update sources. A dealer in the Northeast reports that the Detroit market has bought Busheling at $390/GT, up $20; Shredded […] The post Ferrous Scrap Prices Up in Early October Trades 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 volumes rose sharply this week as decent volumes were traded in all months from Aug’18 through Jun’19. Over 72,000 […] The post Hot Rolled Steel and Scrap Futures: HR Volumes Up appeared first on Steel Market Update.
The 2018 SMU Steel Summit Conference is on pace to become the largest conference we have ever hosted. Our conference will be the premium networking event for manufacturers, fabricators, steel distributors, steel mills, trading companies and toll processors, as well as the industries that supply those groups. Based on the current registration rate, we anticipate […] The post Making Sense Out of the Chaos – SMU Steel Summit 2018 appeared first on Steel Market Update.
Steel Market Update ferrous scrap sources have advised us there was quick buying of July scrap early this past week. We understand that a Midwest-based EAF mill was buying early, taking prime grades such as busheling up $10 per ton while obsolete grades (HMS, shred) were bought at sideways pricing to June. Busheling, which along […] The post Ferrous Scrap Sees Busheling Up $10, Obsolete Grades Sideways 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 During the holiday week in the U.S., the HR futures markets have been thin, especially on the buy side of the market. […] The post Hot Rolled Futures: Markets Thin appeared first on Steel Market Update.
Tariffs on cars and trucks made in Canada and exported to the United States could have a significant effect on ferrous scrap prices, says scrap consultant John Harris of Aaristic Services, Inc. Speaking at a recent meeting of the Canadian Association of Recycling Industries, Harris said if the proposed 20 percent or 25 percent tariff […] The post Harris: Tariffs on Automotive Could Impact Scrap Prices appeared first on Steel Market Update.