Hoffman: Export and Asia markets impact US domestic scrap markets
The wild cards in some price negotiations are Bangladesh and India.
Contributor: Philip Hoffman
Philip Hoffman
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Questioning long held scrap price ‘realities’
Does the price of ferrous scrap depend on the price of finished steel product? And how much of an affect do billet and slab prices have on scrap prices?
Hoffman: Markets sideways or fractionally up in some regions?
Midwest uncertainty contrasts with coastal confidence. Discover the latest insights driving steel prices.
Hoffman: Asian FE Scrap price bottom?
The international ferrous scrap market may be stabilizing which will likely put pressure on the US domestic market to remain flat or to increase in some areas in April.
March Steel Market Insights: Trends and Turmoil
In a surprising turn, a Rocky Mountain mill resumed its purchasing program at half its normal capacity, signaling potential stabilization in the Texas/Gulf region for the upcoming month.
Hoffman on scrap: March ferrous outlook
"Longs sales are at a standstill," said one producer.
Hoffman on scrap: Weak Japanese yen weighs on West Coast export market
For the West Coast export market, Tet/Chinese New Year ended on Monday and buyers were just coming back to the market.
Ferrous Scrap Wrap Up First Week of January 2016
We are pleased to have Philip Hoffman, Chairman & CEO of Hoffman Iron & Steel provide us his unique insights on both the domestic and international scrap markets as well as his forecast for where international and domestic scrap prices will be headed in the next month or two (and why). As most are aware, […] The post Ferrous Scrap Wrap Up First Week of January 2016 appeared first on Steel Market Update.