Following increases in October and November, ferrous scrap prices for December settled with relatively little change, report Steel Market Update sources. “Pittsburgh and points west went sideways. East of Pittsburgh and to the south, prices went down $10 per ton,” said one dealer. Export buying prices are off by $20 per ton, he added. “Declining […] The post Ferrous Scrap Prices Mostly Sideways in December appeared first on Steel Market Update.
Editor’s note: The following analysis of the U.S. rod and bar market was contributed by CRU Steel Analyst Ryan McKinley. Steel Market Update will periodically expand its coverage of the steel market with long products content from CRU as an added benefit to our members. U.S. mills announced wire rod price increases of $1.50/cwt across […] The post Stable Lead Times, Low Imports, Scrap Hikes Boost Long Products Prices in the U.S. 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 spot prices continued to fall this week breaking down through the $800/ST [$40/cwt] level. The HR futures followed suit. Futures […] The post Futures: HR and Scrap Forward Curve Steepness Moving in Opposite Directions 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 have been subdued the last week or so. With spot HR and the Oct’19 settle both pegged at $831/ST, the […] The post HRC Futures: Near-Term HR Futures in Holding Pattern appeared first on Steel Market Update.
In the last 12 months, the price of coking coal and scrap have continuously trended up, zinc has continuously trended down, and iron ore and pig iron have been erratic. Table 1 summarizes the price changes through November of the five materials considered in this Steel Market Update report. It includes the month/month, 3 months/3 […] The post Raw Material Prices: Iron Ore, Coking Coal, Pig Iron, Scrap and Zinc appeared first on Steel Market Update.
Table 1 summarizes the October prices of the five materials considered in this report and the month/month, three months/three months and year/year change. Price changes have been mixed. In the last three months, coking coal and iron ore have trended up as pig iron, scrap and zinc have trended down. This was the same pattern […] The post Raw Material Prices: Iron Ore, Coking Coal, Pig Iron, Scrap and Zinc 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 The mid-week spot price increase announcement by mills to $860/ST has curbed activity in the futures as participants try to digest the […] The post Futures: Mills’ Mid-Week HR Spot Price Increases Lead to HR Futures Trading Pause appeared first on Steel Market Update.
The month of September saw steel prices continue a steady decline that began in August. Steel Market Update data in the table below shows the benchmark hot rolled price slid from more than $900 per ton in the summer to the current price around $854. The same for cold rolled, which went from $1,000 a […] The post September at a Glance 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 The HR spot market has continued to decline, however we have a bit of a divergence as the HR futures curve prices […] The post Futures: HR, BUS, and USSQ Q4’18 Futures Trading 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 Due to the Monday UK bank holiday and the Atlanta SMU Steel Summit Conference this week, we had a slow start to […] The post Steel Futures: Steep Backwardation Persists in Final Months of 2018 appeared first on Steel Market Update.