The past few weeks have been dire for the futures market in terms of volumes or price volatility. While the physical market has peaked for now, the futures market remains in a strong backwardation with prices for second half the year and calendar year 2015 stuck between 620-630 per ton. While the global picture, particularly […] The post Hot Rolled Futures Prices Range Bound appeared first on Steel Market Update.
U.S. and Canadian steel mills continue to keep a firm grip on pricing as supply (production) related problems keep lead times extended on most products. We are seeing the impact of foreign galvanized and Galvalume imports influencing at least one coated steel mill in the South. Domestic buyers appear to be accepting the higher prices […] The post SMU Price Ranges & Indices: Sideways But Firm appeared first on Steel Market Update.
March ferrous scrap exports totaled 1,466,528 net tons (1,330,413 metric tons) with Turkey, Taiwan, Korea, Egypt, and Mexico the top five countries receiving U.S. scrap. These countries received 69.3 percent of all scrap exports. Total March ferrous scrap exports were 11.1 percent higher than previous month but 32.3 percent lower than the same month one […] The post March Ferrous Scrap Exports Highest in 2014 appeared first on Steel Market Update.
October ferrous scrap exports totaled 1,451,844 net tons (1,317,092 metric tons) with Turkey, Korea, Taiwan, China, and Mexico being the top five countries where scrap was sent. These countries accounted for over 74.1 percent of all scrap exports. Of the higher ranking countries in the table below, there was month-over-month increase in ferrous scrap exports […] The post October Ferrous Scrap Exports Down appeared first on Steel Market Update.
September ferrous scrap exports totaled 1,548,020 metric tons (1,706,398 net tons) with Turkey, Korea, Taiwan, China, Mexico, and Canada being the top five recipients of U.S. collected scrap. Of the higher ranking countries in the table below, there was month-over-month increase in exports going to Korea and Mexico over the August figures, but a decrease […] The post September Ferrous Scrap Exports Down 8.4% appeared first on Steel Market Update.
The inputs which affect steel prices increased slightly during the month of September with the exception of shredded scrap and 58% Fe Iron Ore prices. Busheling and HMS scrap prices increased by $3 to $5 per ton in the Midwest. Iron ore spot pricing – which is measured out of China – showed one product […] The post Input Costs Affecting Pricing, Iron Ore, Scrap, Zinc and Aluminum appeared first on Steel Market Update.
CHARLOTTE, N.C., Oct. 7, 2013 — Nucor Corporation NUE +0.08% announced that The Steel Manufacturers Association (SMA) presented Nucor’s Executive Chairman Dan DiMicco with its Iverson-Selig award, recognizing his outstanding contributions to the minimill steel industry. The award is named after Nucor’s founder Ken Iverson and Marvin Selig, founder of CMC Steel, who were two […] The post Dan DiMicco Receives SMA Award appeared first on Steel Market Update.
July ferrous scrap exports totaled 1,203,282 metric tons (1,326,390 net tons) with Turkey, Taiwan, China, Mexico, and Canada being the top five importing countries of U.S. scrap. Of the higher ranking countries in the table below, there was month-over-month increase in exports going to Turkey, China, Mexico, Canada, and Indonesia over the June figures, but […] The post July Ferrous Scrap Exports Down Across the Board appeared first on Steel Market Update.
Written by: Brett Linton June ferrous scrap exports totaled 1,405,041 metric tons (1,548,791 net tons) with Turkey, Taiwan, South Korea, Vietnam, and Egypt being the top five countries where scrap was sent. Exports to most of the big players in the market, with the exception of Taiwan, South Korea and Vietnam, dropped dramatically from the […] The post June Ferrous Scrap Exports Down Across the Board appeared first on Steel Market Update.