Turkish scrap import prices rose due to conclusion of several deals towards the end of last week as key buyers and sellers re-entered the market. The post CRU: Resumption of Trade Leads to Higher Turkish Scrap Import Prices appeared first on Steel Market Update.
Domestic scrap prices for shredded and HMS were sideways in September vs. August. However, busheling fell precipitously during the month, according to scrap sources surveyed by SMU. The post Prime Scrap Tags Sink in September, Shredded and HMS Flat appeared first on Steel Market Update.
As the deadline for a United Auto Workers (UAW) strike nears, the vast majority of market participants polled by SMU expect union workers will strike. The post Steel Buyers Expect UAW Strike, Survey Shows appeared first on Steel Market Update.
The more of you I talk to, the more the question seems to be not whether the United Auto Workers (UAW) will strike later this week but instead for how long. You’re also asking whether the UAW will target one union-represented automaker or whether it might take the unprecedented step of walking out at Ford, […] The post Final Thoughts appeared first on Steel Market Update.
The spot market remains quiet on fears of a potential United Auto Workers (UAW) union strike late next week. The post Final Thoughts appeared first on Steel Market Update.
Turkish scrap import prices have remained relatively stable over the past two weeks due to slow trade activity. This was partly due to the holiday on August 30. CRU’s latest price assessment for HMS1/2 80:20 is $368 /metric ton CFR, up $1 /metric ton week-over-week (WoW) and up $21 /metric ton month-over-month (MoM). The holiday […] The post CRU: Turkish Scrap Prices Stabilize Due to Limited Buying Activity appeared first on Steel Market Update.
Brazilian miner Vale has started testing a form of iron ore briquette years in the making ahead of delivering to a backlog of customers. The company says the new product should help steel makers cut their carbon emissions by up to 10%. The company estimates it will take 18 months to clear the waiting list […]
Scrap sources had a mixed outlook for US scrap prices for September. The post Scrap Outlook Mixed for September appeared first on Steel Market Update.
Leading voices in US the scrap industry discussed the current outlook and future challenges at Steel Summit 2023’s panel on Scrap and Metallics: Navigating the Boom in EAF Sheet Production. The post Steel Summit: US Scrap Industry Is Up to EAF Expansion Challenge appeared first on Steel Market Update.
The ministry of economic development and digitalization in Moldova is considering establishing a state monopoly on delivery of ferrous and non-ferrous scrap metal. The new setup would apply to what the ministry termed as economic agents in the country who do not have fiscal relations with the budgetary system. Dubbed a fiscal monopoly, the ministry […]