Turkish scrap import prices marginally declined w/w Turkish scrap prices fell marginally last week, down to $344 /t CFR for HMS 1/2 80:20 (-$5 /t w/w, -$49 /t m/m). Scrap prices(1) $/t 26-Aug 02-Sep 09-Sep 16-Sep 23-Sep HMS 1/2 80:20 CFR Turkey 393 396 371 349 344 Shredded CFR Turkey 413 416 391 369 364 Notes: […]
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.
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.
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) $/t 19-Aug 26-Aug 02-Sep 09-Sep 16-Sep HMS 1/2 80:20 CFR Turkey 395 393 396 371 349 Shredded CFR Turkey 415 413 416 391 369 Notes: […]
Steel Dynamics Inc. expects its third quarter earnings to be down from the second quarter as the Fort Wayne, Ind.-based steelmaker is seeing lower flat rolled earnings and pricing, as well as continued impacts from the start-up of its new sheet mill in Sinton, Texas. SDI’s earnings guidance is in the range of $4.93–4.97 per […] The post SDI Expects Lower Q3 Earnings, Continues to Be Impacted by Sinton Ramp-Up appeared first on Steel Market Update.
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.
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) $/t 12-Aug 19-Aug 26-Aug 02-Sep 09-Sep HMS 1/2 80:20 CFR Turkey 392 395 393 396 371 Shredded CFR Turkey 412 415 413 […]
Turkish scrap import prices increased marginally w/w Turkish scrap prices rose slightly to $396 /t CFR for HMS 1/2 80:20 (+$3 /t w//w, +$44 /t m/m) due to slow market activity. Last week, Turkish authorities had announced a rise in electricity and gas prices by ~20% for households and ~50% for industrial use. This has […]
We have downgraded our metallics price forecast for 2022 Q4 as demand has proven weaker than expected, with little buying interest amidst steel production cuts related to weak demand and increasing costs, mainly in Europe. We continue to believe restocking will give support to prices in the US and European domestic markets in October, while […]
South Korean conglomerate Posco says it has finished building a used, secondary battery recycling plant in Brzeg Dolny, 30 km northwest of Poland’s capital Warsaw. The Poland Legnica Sourcing Center has capacity to process 7,000 t/y of scrap material and used batteries and will eventually produce black mass containing nickel, lithium, cobalt and manganese. The […]