Category: Scrap Processors

Ford expects to lose 50% of its planned second-quarter production because the global chip shortage has become a “significant headwind” for the company. The Dearborn, Mich.-based automaker had already lost 17% of its planned production in the first quarter because of the chip issue, and it anticipates losing 10% of forecast output in the second […] The post Ford Cuts Q2 Production Forecast 50% on Chip Shortage 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 The limited availability of hot rolled steel on the spot market continues to dictate higher prices, and in turn has […] The post Hot Rolled Futures: Price Expectations 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 Hot rolled futures markets have taken a pause from the high velocity upward price moves of last month and the […] The post Hot Rolled Futures: A Price Pause? 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 Hot rolled futures markets have taken a pause from the high velocity upward price moves of last month and the […] The post Hot Rolled Futures: A Price Pause? appeared first on Steel Market Update.

Steel Dynamics Inc. forecast higher first- and second-quarter results, fueled by strong shipments and record steel prices, according to guidance issued Wednesday. “First-quarter 2021 profitability from the company’s steel operations is expected to be significantly higher than sequential fourth-quarter results, driven by flat roll metal spread expansion, as strong demand continues to support flat roll steel prices,” […] The post Steel Dynamics Reports Strong Momentum in First Quarter appeared first on Steel Market Update.

By CRU Senior Analyst Ryan McKinley from CRU’s Steel Metallics Monitor The CRU metallics price indicator (CRUmpi) rose by 14.4% m/m in March to 354.4, bouncing back above levels seen in January. China’s return to the steel market following New Year holiday celebrations there helped lift steel and scrap prices in Asia, while seasonally constrained […] The post CRU: Metallics Prices Rebound as Markets Tighten 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 The market saw another strong move up in HR futures prices accompanied by strong volume buying. Daily average HR futures […] The post HR Futures: Prices in Flux Along the Curve as Spot Presses Higher appeared first on Steel Market Update.

SMU contributor Tim Stevenson is a partner at Metal Edge Partners, a firm engaged in Risk Management and Strategic Advisory. In this role, he and his firm design and execute risk management strategies for clients along with providing process and analytical support. In Tim’s previous role, he was a Director at Cargill Risk Management, and […] The post HRC Futures: Down, But is There More to Go?” appeared first on Steel Market Update.

Multiple major North American automakers have or will temporarily halt production because of a semiconductor shortage, something that could have an impact on steel and scrap prices. General Motors will effectively stop production at three assembly plants–one each in the United States, Canada and Mexico–next week because of a semiconductor shortage, the company confirmed. GM […] The post GM, Ford North America Plants Hit by Chip Shortage – Price Impact? appeared first on Steel Market Update.

Multiple major North American automakers have or will temporarily halt production because of a semiconductor shortage, something that could have an impact on steel and scrap prices. General Motors will effectively stop production at three assembly plants–one each in the United States, Canada and Mexico–next week because of a semiconductor shortage, the company confirmed. GM […] The post GM, Ford North America Plants Hit by Chip Shortage – Price Impact? appeared first on Steel Market Update.