Despite reporting the third highest quarterly revenues in its history, Greenwave Technology Solutions still posted a loss for the quarter ended June 30. The post Greenwave Posts Loss, Foresees ‘Aggressive Consolidation’ in Industry 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.
The Kyrgyz government is prohibiting shipments of some types of scrap metal outside the Eurasian Economic Union (EEU) trading bloc for six months from 11 August. The ban covers ferrous scrap and associated waste plus ferrous metal ingots for remelting, also known as charge ingots, the cabinet of ministers announced. A limit of 500 kg […]
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.
August could see US scrap prices stabilizing, or even rising, depending on the grade or region, scrap sources told SMU. The post Domestic Scrap Tags Could Rebound in August: Sources appeared first on Steel Market Update.
Hot-rolled coil prices remain rangebound between roughly $850-900 per ton ($42.50-45 per cwt), according to our latest market check. You could say that’s not news. Our HRC index settled at $870 per ton on Tuesday afternoon. A week-over-week decline of $20 per ton from $890 last week might be little more than noise. You’d want to […] The post Final Thoughts appeared first on Steel Market Update.
The spread between hot-rolled coil (HRC) and prime scrap prices continued to narrow in July, according to Steel Market Update data. SMU’s average HRC price rose this week, while busheling scrap tags fell. Our HRC average price rose $10 per net ton week over week to $890 per ton ($44.50 per cwt) as of Tuesday, July 11. Busheling tags, […] The post Prime Scrap, HRC Price Spread Narrows Further in July appeared first on Steel Market Update.
Romanian aluminium company Alro is to increase recycling potential by 60,000 t/y following installation of two double-chamber furnaces, a holding furnace and associated fume collection and treatment plant at Slatina. Though high energy prices have forced the company to cut back on primary aluminium production, its other commitments remain unchanged, according to chairman Marian Nastase […]