Hoffman on scrap: March ferrous outlook
"Longs sales are at a standstill," said one producer.
Category: Scrap Processors
Alcoa makes $2.2 billion bid for Australian partner Alumina
Pittsburgh-based aluminum company Alcoa wants to acquire its Australian partner, Alumina Limited, in an all-stock deal valued at $2.2 billion.
Hoffman on scrap: Weak Japanese yen weighs on West Coast export market
For the West Coast export market, Tet/Chinese New Year ended on Monday and buyers were just coming back to the market.
Kazakhstan and Kyrgyzstan extend ferrous scrap export bans
The government of Kazakhstan intends to prolong prohibition of foreign shipments of steel scrap and waste in order to support the domestic economy. “The decision was made collectively against the backdrop of the situation that has arisen due to the lack of raw materials for local processing enterprises and the restrictive measures on the export […]
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.
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.
SMU Spotlight: Randy Knibbe details PADNOS’ growth in US scrap industry
The capacity for EAF steelmaking is growing both in the US and abroad. Ferrous scrap supply has never been more important. A lot of people have viewed the scrap industry as old-fashioned and resistant to change. However, the same forces affecting the steel and other industries are also at play in recycling. The post SMU Spotlight: Randy Knibbe details PADNOS’ growth in US scrap industry appeared first on Steel Market Update.
HRC vs. busheling spread narrows in January
The spread between hot-rolled coil (HRC) and prime scrap prices narrowed slightly this month, according to SMU’s most recent pricing data. The post HRC vs. busheling spread narrows in January appeared first on Steel Market Update.