Final thoughts
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.
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.
A large Detroit-area scrap buyer entered the market on Wednesday at significantly higher prices than a month earlier. The post Detroit-area scrap buyer offering up $30-50/gt for December appeared first on Steel Market Update.
Hot-rolled coil prices were down again this week, continuing a streak of week-over-week (WoW) declines that began in early/mid-July. The post SMU Price Ranges: Sheet Declines Moderate – Meaning or Noise? appeared first on Steel Market Update.
The more of you I talk to, the more the question seems to be not whether the United Auto Workers (UAW) will strike later this week but instead for how long. You’re also asking whether the UAW will target one union-represented automaker or whether it might take the unprecedented step of walking out at Ford, […] The post Final Thoughts appeared first on Steel Market Update.
The spot market remains quiet on fears of a potential United Auto Workers (UAW) union strike late next week. The post Final Thoughts appeared first on Steel Market Update.
Sheet prices were mixed this week with hot-rolled coil (HRC) and galvanized base prices slipping again even as cold-rolled tags inched up. The post SMU Price Ranges: HRC Dips Below $800 per ton 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.
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.
Join us for SMU’s next Community Chat webinar with Wolfe Research managing director Timna Tanners. The webinar will be held on Wednesday, July 12, at 11 am ET. It’s free for all to attend. A recording will be available to SMU members. You can register here. We’ll talk about what Tanners describes as “the myth […] The post Register Now for July 12 Community Chat With Timna Tanners! appeared first on Steel Market Update.
Sheet prices are coming down now. The question isn’t one about market direction anymore. Instead, the question is whether the declines will be “managed” by a more consolidated group of sheet mills or whether it will be more precipitous, akin to what we saw last fall. We won’t release full results of our steel market […] The post Final Thoughts appeared first on Steel Market Update.