Market: Trade

The following article on the hot rolled coil (HRC) steel and financial futures markets was written by Jack Marshall of Crunch Risk LLC. Here is how Jack saw trading over the past week: Steel This month HR physical prices as reflected by the index basically started at $560/ST and rose $20-plus to hold, then fell […] The post Hot Rolled Futures: Uncertain Times Pushing HR Futures Volatility Higher appeared first on Steel Market Update.

The following article on the hot rolled coil (HRC) steel and financial futures markets was written by Jack Marshall of Crunch Risk LLC. Here is how Jack saw trading over the past week: Steel This month HR physical prices as reflected by the index basically started at $560/ST and rose $20-plus to hold, then fell […] The post Hot Rolled Futures: Uncertain Times Pushing HR Futures Volatility Higher appeared first on Steel Market Update.

Global scrap trade has been trending down for two years and in Q4 2019 the U.S. share increased to 26.8 percent, the highest since Q1 2013. This is a quarterly analysis using data from the Iron and Steel Statistics Bureau (ISSB) in the UK. Some nations are slow to report, which results in the analysis […] The post Global Scrap Market: U.S. Share Increases 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 slightly by 1.3 percent m/m to 206.4 (see chart). While this is broadly stable it bucked the trend compared to steel markets, which came under relatively more price pressure. Structurally, most markets were similar in condition to […] The post CRU: Global Metallics Prices Hold, But Major Downside Risks Grow appeared first on Steel Market Update.

Ferrous scrap prices surprised to the low side in March, trading sideways to up just $10 per ton, well below initial expectations of up $10-30/GT. The mills were anticipating that higher scrap prices this month would lend support to the $40 increase in finished steel prices they announced last week. “In the Ohio Valley, obsolete […] The post Ferrous Scrap Prices Surprise to the Low Side in March appeared first on Steel Market Update.

The following article on the hot rolled coil (HRC) steel and financial futures markets was written by Jack Marshall of Crunch Risk LLC. Here is how Jack saw trading over the past week: Steel In the midst of a fairly volatile news cycle in the last month with the COVID-19 virus stealing the headlines, the […] The post Hot Rolled Futures: How Much Slowing to Expect from Global Supply Chain Disruptions? appeared first on Steel Market Update.

While America’s integrated steel producers are investing millions in R&D to reduce harmful emissions from their steelmaking process, the nation’s minimill steel producers have already claimed the high ground for environmental stewardship. Integrated mills and their blast furnaces heat iron ore and coking coal at high temperatures to produce high-quality virgin pig iron and steel. […] The post SMA Claims the High Ground in Environmental Debate appeared first on Steel Market Update.

We will begin our mid-February flat rolled and plate steel market trends analysis at 8 a.m. on Monday. Currently we are inviting approximately 560 individuals to participate in the market questionnaire, which takes about 4-8 minutes to complete. If you receive an invitation, please take a few minutes to provide your insights as they are […] The post Final Thoughts appeared first on Steel Market Update.

On Thursday February 13 we shared an overview of the 2020 SMU Steel Summit Conference agenda. If you did not see Thursday evening’s issue of Steel Market Update, you can find the agenda on our website. We also published some of the “keys” regarding this our 10th SMU Steel Summit Conference. Those were also published […] The post Update on Upcoming SMU Steel Summit Conference and Steel 101 Workshop appeared first on Steel Market Update.

The following article on the hot rolled coil (HRC) steel and financial futures markets was written by Jack Marshall of Crunch Risk LLC. Here is how Jack saw trading over the past week: Steel HR futures prices have retraced lower since the beginning of the year in spite of the mill price increases. Tepid demand/extra […] The post Hot Rolled Futures: Uncertainty Leads to Lower HR Futures Prices, Flat Forward Curves appeared first on Steel Market Update.