The following industry data, current through the end of the month of December 2017, covers a number of important indices and drivers of steel prices, as well as supply and demand. As the month ended, the Steel Market Update (SMU) Price Momentum indicator was referencing higher flat rolled steel prices over the next 30 to […] The post December at a Glance appeared first on Steel Market Update.
Steel Market Update performs this analysis of global scrap trade each quarter to help readers understand the gyrations of the domestic scrap market and where the U.S. stands as a global player. This data is not very current because some nations are slow to report, but we still believe it gives a valuable perspective on […] The post Global Scrap Trade: China’s a Net Exporter! appeared first on Steel Market Update.
The United States’ share of the global steel scrap trade has changed little in the two and a half years through second-quarter 2017. Steel Market Update performs this analysis quarterly to understand the gyrations of the domestic scrap market and where the U.S. stands as a global player. This data is not very current because […] The post Little Change in U.S. Share of Global Scrap Trade appeared first on Steel Market Update.
On Friday, Steel Market Update (SMU) adjusted our Price Momentum Indicator to Lower from Neutral. It is our opinion that flat rolled steel prices will move lower over the next 30 days for the following 10 reasons: First, when the head of commercial of a domestic steel mill tells SMU that “transaction pricing cannot go […] The post Ten Reasons Why SMU Price Momentum Indicator Adjusted to “Lower” appeared first on Steel Market Update.
The Steel Market Update (SMU) Price Momentum Indicator has been “stuck” in Neutral for a number of weeks as steel buyers and steel mills wrestle with the direction of flat rolled steel prices going forward. Steel buyers are beginning to say the next move in flat rolled steel prices may well be lower, rather than […] The post SMU Price Momentum Indicator: Stuck in Neutral But Possibly Slipping appeared first on Steel Market Update.
The following table is for the month of August 2017. Most of the data speaks for itself. We produce this information at the end of every month. There are a number of data points or reference points that are proprietary to Steel Market Update. These include our SMU Price Momentum Indicator which, at the end […] The post August 2017 at a Glance appeared first on Steel Market Update.
It has been another busy week here at Steel Market Update. We are hearing from steel buyers that Nucor is considering raising flat rolled prices by $25 per ton within the next few working days. The increase would follow an increase in ferrous scrap prices for August delivery. We have also heard that at least […] The post Final Thoughts appeared first on Steel Market Update.
Written by: John Packard, Founder, Steel Market Update Steel Market Update was incorporated and began selling subscriptions (memberships) of just our steel newsletter during August 2008. Today, we are celebrating our ninth birthday. I want to take a moment to thank our members and those who participate in our conference and workshops. I want to […] The post Steel Market Update Celebrates 9th Year appeared first on Steel Market Update.
Written by: John Packard, Founder, Steel Market Update Steel Market Update was incorporated and began selling subscriptions (memberships) of just our steel newsletter during August 2008. Today, we are celebrating our ninth birthday. I want to take a moment to thank our members and those who participate in our conference and workshops. I want to […] The post Happy Birthday to Steel Market Update appeared first on Steel Market Update.
This is only the third time we have produced a report on global scrap trade. In the future, we will report quarterly because to understand the gyrations of the domestic scrap market we should be aware of where the U.S. stands as a global player. This data is not very current as some nations are […] The post The Gyrations of Global Scrap Trade appeared first on Steel Market Update.