Prior to the beginning of the month most scrap dealers were resigned to the fact that ferrous scrap prices would decline by $20 per gross ton and, in some remote areas, perhaps as much as $30. By the end of this past week the dust had settled and scrap prices had dropped by a minimum […] The post Scrap Dealers Surprised by the Magnitude of the Drop in Scrap Pricing appeared first on Steel Market Update.
Andre Marshall, well known commodity futures trader, CEO of Crunch Risk LLC and instructor for our Managing Price Risk I and II workshops has written today’s HRC futures article. Today he comments on the financial markets, steel, iron ore and ferrous scrap markets. Financial Markets: All time highs again in the stock markets. We are […] The post Hot Rolled Futures: Hope Springs Eternal appeared first on Steel Market Update.
China has a number of taxes on steel, both domestically and for exports. This is one of the misunderstandings many countries have (including the United States). We have been speaking about the subject with one of our key Asian trading contacts over the past few days as we asked about possible suspension of Boron added […] The post Chinese Taxes on Semi-Finished, Hot Rolled, Cold Rolled and Coated Steels appeared first on Steel Market Update.
Ferrous scrap prices for shipment to the domestic steel mills around the country have been dropping since the negotiations began at the beginning of the month. For most geographical areas scrap prices have declined $15-$20 per gross ton compared to where they were at this point in time last month. Our Chicago area sources are […] The post Ferrous Scrap Prices Down $20 appeared first on Steel Market Update.
In the first eight months of 2014, scrap exports totaled 10,404,531 metric tons, down by 18.7 percent from the same period in 2013. In the single month of August exports were 1,575,716 tonnes, this was the highest volume month of the year, beating out May by 26,000 tons. Figure 1 shows that the three month […] The post Ferrous Scrap Exports from the US through August appeared first on Steel Market Update.
The hot rolled coil (HRC) futures market has been very flat in terms of pricing over the past few weeks with the Q4 trading around $645, Q1 $650 and calendar 2015 around $645. All prices are very flat down the curve, indicating a slight decrease in pricing from current spot levels. Overall, good volumes have […] The post Hot Rolled Futures: Stagnant in a Slow Market appeared first on Steel Market Update.
The following report was prepared by Andre Marshall, CEO of Crunch Risk, LLC which is a company specializing in hot rolled, ferrous scrap and other “futures” contracts or financial derivatives. Today he discusses the broader financial markets, hot rolled steel futures (HRC), iron ore and ferrous scrap futures (BUS) trading on the CME. Andre Marshall […] The post Hot Rolled Futures: No Relief in Sight appeared first on Steel Market Update.
Pricing in the HRC futures market has continued slightly upward this week stemming from positive economic data and a bullish outlook within the steel industry. September prices have been trading around $655-667, October prices have been trading between $640-657, and Q4 has traded between $645-651, all about $5-10 improvements week on week. Further down the […] The post Hot Rolled Futures: Bull Market Becoming a Reality appeared first on Steel Market Update.
Today’s hot rolled coil futures (HRC) article comes to us from Andre Marshall, CEO of Crunchrisk, LLC and our Managing Price Risk I & II instructor. In his article he will review the S&P 500, copper pricing, crude oil pricing, steel, iron ore and ferrous scrap futures trading: Well the S&P 500 reached its high […] The post Hot Rolled Futures: World in Turmoil appeared first on Steel Market Update.
Andre Marshall of Crunch Risk LLC has the honors this week to discuss the financial and HRC, iron ore and scrap futures markets in an attempt to make sense out of what can sometimes feel like total chaos. Financial Markets: Well we’re at all time highs again, having hit an intraday on the September S&P […] The post Hot Rolled Futures: New Highs appeared first on Steel Market Update.