Turkish scrap import prices decreased w/w Turkish scrap prices fell last week, down to $371 /t CFR for HMS 1/2 80:20 (-$25 /t w/w, -$21 /t m/m). Trading activity has remained thin. Scrap prices(1) $/t 12-Aug 19-Aug 26-Aug 02-Sep 09-Sep HMS 1/2 80:20 CFR Turkey 392 395 393 396 371 Shredded CFR Turkey 412 415 413 […]
Turkish scrap import prices increased marginally w/w Turkish scrap prices rose slightly to $396 /t CFR for HMS 1/2 80:20 (+$3 /t w//w, +$44 /t m/m) due to slow market activity. Last week, Turkish authorities had announced a rise in electricity and gas prices by ~20% for households and ~50% for industrial use. This has […]
We have downgraded our metallics price forecast for 2022 Q4 as demand has proven weaker than expected, with little buying interest amidst steel production cuts related to weak demand and increasing costs, mainly in Europe. We continue to believe restocking will give support to prices in the US and European domestic markets in October, while […]
Prices for five of the seven steelmaking raw materials tracked in this SMU analysis decreased over the last 30 days, further declining from the record levels seen in March and April. Through the latest data available as of August 31, pig iron prices decreased 38% in the last month, busheling scrap prices fell 14%, aluminum […] The post Majority of Steelmaking Raw Material Prices Decline Through August appeared first on Steel Market Update.
Turkish scrap import prices decreased marginally w/w Last week, Turkish scrap prices fell by a marginal $2 /t w/w (up $28 /t m/m) to $393 /t CFR for HMS 1/2 80:20. Market activity calmed again after a series of purchases in mid-August. Turkish mills have lowered their finished longs offers by 10–20 /t w/w due […]
Keynote speaker Paul Lowrey presented at the SMU Steel Summit Conference today, explaining his market thoughts through data on US steel market capacity, steel mill consolidation, and the scrap market. As president of Steel Research Associates (SRA) with a career spanning 30 years, Lowrey opened his segment explaining, “I’ve been labeled by some as a […] The post Paul Lowrey: It’s a Great Time to Be in the Steel Industry appeared first on Steel Market Update.
Turkish scrap import prices increased w/w Turkish scrap slightly edged higher to $395 /t CFR for HMS 1/2 80:20 (+$3 /t w/w, -$11 /t m/m). Market activity has picked up after the initial price increase, and we heard five deals ranging from $387 /t to $402 /t CFR Turkey for HMS 80:20. Scrap prices(1) $/t 22-Jul […]
Turkish scrap import prices increased w/w Last week, Turkish scrap prices rose sharply on three new deals from western Europe and North America, lifting our assessment for HMS 1/2 80:20 to $392 /t CFR (+$40 /t w/w, -$14 /t m/m). Scrap prices(1) $/t 15-Jul 22-Jul 29-Jul 05-Aug 12-Aug HMS 1/2 80:20 CFR Turkey 406 406 365 […]
Turkish scrap prices continued to edge lower, down to $352 /t CFR HMS 1/2 80:20 (-$13 /t w/w, -$54 /t m/m) based on the latest deal from the US. Scrap prices(1) $/t 08-Jul 15-Jul 22-Jul 29-Jul 05-Aug HMS 1/2 80:20 CFR Turkey 406 406 406 365 352 Shredded CFR Turkey 426 426 426 385 372 Notes: […]
Turkish scrap import price dropped to $365 /t for HMS 80:20 following low market activity for two consecutive weeks and weak finished steel market fundamentals. Competitive Russian billet offers have also put downward pressure on scrap demand and prices. Market participants expect this lack of demand to continue in August, which could see prices of […]