Market: Trade

TSI Iron Ore: Market Quiet During Chinese Golden Week… Iron ore prices have remained steady over the past week as the Chinese have been off for their Golden Week holiday.  Demand while steady appears to be seen as fragile by many.  The market remains in backwardation with prices down the curve continuing to trade at a […] The post Iron Ore, Scrap Futures – Ore Quiet Due to Holiday – Scrap Climbs appeared first on Steel Market Update.

A quick note about ferrous scrap. From the early deals being done – and there are still a number yet which need to be completed. Our sources are advising us that scrap prices have been trading lower by $5 to $10 per gross ton in the east.  However, in the Midwest there have been trades […] The post Final Thoughts appeared first on Steel Market Update.

TSI Iron Ore: Prices Wobble in Signs Market is Cooling… Iron ore prices have softened over the past couple of weeks, but are still holding the recent range above $130 per ton.  Mixed news out of China regarding steel demand has cooled off buying for the time being as the market has failed to break […] The post Iron Ore & Scrap Futures appeared first on Steel Market Update.

TSI Iron Ore: Prices Stay Firm, Future Is Uncertain…   After breaking through the psychological ceiling of $140/ ton a couple of weeks ago, the iron ore spot market has retreated ever so slightly to $137. While this is not necessarily an indication of a reversal in the pricing trend, it may shed light on […] The post Iron Ore, Scrap Futures Face Uncertainties appeared first on Steel Market Update.

The Far East and Southeast Asian ferrous scrap markets have been on the uptrend since the end of July.  Since mid-July, scrap prices have risen approximately $20-$25/metric ton.   This coincides with Tokyo Steel in Japan increasing scrap prices twice by approximately $24/MT. The increase in scrap prices were reactionary as steel stockists ramped purchases from […] The post Asian Scrap Markets: Have Prices Hit a Plateau? appeared first on Steel Market Update.

Steel Market Update sources are forecasting slightly lower shredded scrap prices in the Midwest and Ohio Valley as we prepare to move into September. Prime grades (such as #1 busheling) are forecast to be sideways to down slightly and cut grades are forecast to move sideways across most areas of the country. This is what […] The post Scrap Prices for September Forecast Sideways to Slightly Lower appeared first on Steel Market Update.

Sims Metal Management, a metals and electronics recycler headquartered in Australia, announced North American results for FY 2013 ending June 30, 2013. Underlying EBITDA for North American operations rose 30 percent year-over-year to $102.3 million. (Underlying EBITDA is a measure of the actual profits realized by a company used for business process planning, rather than […] The post Sims Reports Lower Results for FY 2013 appeared first on Steel Market Update.

U.S. Midwest #1 Busheling Ferrous Scrap (AMM) Typically Quiet Mid-Month Market While the HRC futures market is experiencing a summer lull, the AMM Busheling contract has been virtually non-existent the past few weeks. After the physical market for busheling priced sideways this month the futures market has not reacted. It seems that the usual pattern […] The post Iron Ore & Scrap Futures appeared first on Steel Market Update.

Written by: Bradley Clark, Director of Steel Trading, Kataman Metals TSI Iron Ore: Prices Up, Up and Away… Iron Ore over the past few weeks remains a true bright spot in the commodities complex as stronger than expected summer steel demand in China has driven prices to highs not seen in months and monthly shipments […] The post Iron Ore & Scrap Futures: Up, Up and Away and Firm in a Sideways Market appeared first on Steel Market Update.

Written by: Bradley Clark, Director of Steel Trading, Kataman Metals The HRC futures market has been exceptionally quiet over the past few weeks with almost no volume trading as the recent price hikes, uncertainty of pricing going forward and middling futures pricing has led most traders to sit on the sidelines awaiting the next price […] The post Hot Rolled Futures Hold Steady in the Face of an Uncertain Physical Market appeared first on Steel Market Update.