Scrap prices rose m/m in all major Asian markets. Besides more restocking demand from Southeast Asia, the sharp increase in US scrap prices has pushed up import prices in the Asian markets and enabled Asian exporters to raise offer prices. Chinese domestic scrap prices rose to RMB2,910 /t in mid-November and stabilised at this level […]
The spread between hot-rolled coil (HRC) and prime scrap prices widened slightly this month, according to SMU’s most recent pricing data. The post HRC vs. busheling spread widens in December appeared first on Steel Market Update.
Steel is up again this week. Scrap is up by a lot this month: $85 per gross ton for busheling, by our calculations. The post Final thoughts appeared first on Steel Market Update.
US scrap prices shot up in December and are expected to continue their rise in January, market sources told SMU. The post Domestic scrap tags soar in December appeared first on Steel Market Update.
US scrap prices are expected to rise in December, industry sources told SMU. The post Domestic scrap tags seen increasing in December appeared first on Steel Market Update.
Quotas on shipments of ferrous scrap metal from Russia will continue to 30 June next year, the country’s subcommittee for customs tariff and non-tariff regulation has decided. “The extension of current measures will help support prices and supply domestic companies in the metallurgical sector with a strategic raw material,” Interfax news agency quoted the government […]
Global recycler Sims Limited says it will conduct a full strategic review of its activities in Britain, following on from an operational assessment of the business. “Supporting a strategic review have been expressions of interest from potential buyers indicating that these assets may well deliver enhanced value to the company’s shareholders through alternative ownership,” the […]
The announcement that Republic Steel in Canton, Ohio, is going to permanently cease operations disappointed many scrap suppliers in Ohio and Pennsylvania. The post Ferrous Scrap: Republic Steel Closing – End of an Era appeared first on Steel Market Update.
The government of Kazakhstan has announced it will prolong prohibition of foreign shipments of ferrous and non-ferrous scrap metals for six months from 7 November. First introduced in Q2 two years ago, the measure is intended to alleviate a domestic shortage of the feedstock material and combat illegal circulation of scrap metal. The restrictions apply […]
SMU’s Current and Future Steel Buyers Sentiment Indices both increased this week, based on our most recent survey data. Every other week we poll steel buyers about sentiment. The Steel Buyers Sentiment Indices measure how steel buyers feel about their company’s chances of success in the current market, as well as three to six months down the road. We have historical data going back to 2008. Check our interactive graphing tool here. The post SMU Survey: Buyers Sentiment Indices Rise appeared first on Steel Market Update.