Some of the movements in scrap and pig iron pricing over the past 18-24 months have been quite drastic. The post Scrap Insight: Scrap Optimization as a Hedge on Pig Iron Usage? appeared first on Steel Market Update.
What has happened since the August hot rolled (HR) settlement ($767 per short ton)? The post HRC Futures: Hedgers Getting Off Sidelines appeared first on Steel Market Update.
While the ongoing United Auto Workers (UAW) strike hasn’t had a significant impact on the scrap market, the strike's expansion to stamping plants could hit supply, sources tell SMU. The post UAW Strike at Stamping Plants Could Affect Scrap Supply appeared first on Steel Market Update.
The US scrap market for October is a bit unsettled as the UAW strike against the Big Three automotive companies has expanded and shows scant signs of an imminent settlement. The post Scrap Insight: All Eyes on UAW as ‘Unsettled’ Oct. Trade Approaches appeared first on Steel Market Update.
Hot-rolled coil prices were down again this week, continuing a streak of week-over-week (WoW) declines that began in early/mid-July. The post SMU Price Ranges: Sheet Declines Moderate – Meaning or Noise? appeared first on Steel Market Update.
The United Auto Workers (UAW) union has more leverage than the Detroit Three automakers in the current strike that started Sept. 15, according to Jason Schenker, president of Prestige Economics. The post UAW Has Upper Hand vs. Automakers: Schenker appeared first on Steel Market Update.
U.S. Steel expects earnings to drop in the third quarter vs. the prior quarter and the same period a year earlier as the company adjusts production because of the United Auto Workers (UAW) union strike. The post USS Expects Lower Q3 Earnings, Says UAW Strike Partly To Blame appeared first on Steel Market Update.
Mixed trends were observed in prices of ore-based metallics as demand stayed subdued in Europe and the US. Buying activity had been limited in the US due to several upcoming mill outages and ahead of the UAW strike. However, prices have found stability despite declines in prices of prime grades of scrap. In the CIS, […] The post CRU: US Pig Iron Prices Diverge From Prime Scrap Tags appeared first on Steel Market Update.
The spread between hot-rolled coil (HRC) and prime scrap prices continued to narrow this month, according to Steel Market Update’s most recent pricing data. The post US Prime Scrap, HRC Spread Narrows Further appeared first on Steel Market Update.
Nucor expects third-quarter earnings to be lower sequentially and on-year, the steelmaker said in earnings guidance on Thursday. The post Nucor Sees Lower Q3 Earnings, Sheet Mills Take a Hit appeared first on Steel Market Update.