Section: News

Hot Rolled Futures Prices Pop after Weeks of Malaise…

The HRC futures market has continued its upward trend in the past few weeks with recent bullish events in the physical market supporting prices.  While nearby periods remain firm with August and September trading around $650-660, further down the curve cal 15 prices have trended upwards trading up to $643.  Similarly, Q1 and cal 15 […] The post Hot Rolled Futures Prices Pop after Weeks of Malaise… appeared first on Steel Market Update.

SMU Key Steel Market Indicators Shows Increase in Positive Indicators

The SMU Key Market Indicators is a Premium Level product produced by Peter Wright in collaboration with Steel Market Update. Our Executive Level members have been getting access to all of the Premium Level data for the month of July (today is the last day). This includes access to all of the Premium data which […] The post SMU Key Steel Market Indicators Shows Increase in Positive Indicators appeared first on Steel Market Update.

SMU Steel Summit Speaker Mike Marley Forecasting Lower Scrap Prices in August

Steel Market Update asked one of our Steel Summit Conference speakers, Mike Marley of MetalPrices.com to comment on why scrap prices moved lower as the month of July progressed compared to the early indications of higher ferrous scrap prices during the first few days of the month. Here is his response: There were a couple […] The post SMU Steel Summit Speaker Mike Marley Forecasting Lower Scrap Prices in August appeared first on Steel Market Update.

Hot Rolled Futures Prices Pop after Weeks of Malaise…

The hot rolled steel futures market has perked up in the past few weeks with recent bullish events in the physical market supporting prices.  After months of trading in a strong backwardation, prices on the nearby months July, August and September have pushed higher trading near parity with spot prices, between $650-665 per ton.  Further […] The post Hot Rolled Futures Prices Pop after Weeks of Malaise… appeared first on Steel Market Update.

May Ferrous Scrap Exports Down 28 Percent over Last Year

May ferrous scrap exports totaled 1,708,695 net tons (1,550,104 metric tons) with Turkey, Taiwan, Korea, Canada, and Egypt being the top five countries where scrap was sent. These countries accounted for 69.1 percent of all scrap exports. Total May ferrous scrap exports were 15.7 percent higher than previous month but 27.8 percent lower than the […] The post May Ferrous Scrap Exports Down 28 Percent over Last Year appeared first on Steel Market Update.