AISI: Raw steel production inches back up
US steel production edges up after seven-week low
Tag: AISI
Turbulent waters: A look at February's copper scrap dynamics
Non-ferrous scrap spreads remained tight amid ongoing global shipping constraints, raising concerns.
European scrap prices mostly stable in a balanced market
European scrap prices were mostly unchanged m/m in February because weak demand was relatively balanced by limited supply.
January scrap prices slip less than initial offers
Domestic scrap prices ended up down slightly after a roller coaster of trading in January, scrap sources told SMU. The post January scrap prices slip less than initial offers appeared first on Steel Market Update.
Scrap prices rose in China while stabilising in Southeast Asia
Scrap prices rose m/m in South Korea and China due to mills’ restocking purchase while these stayed unchanged in Southeast Asia and Japan because of slow market activity. Chinese scrap prices rose to RMB3,060 /t in early January, recording a 150 /t m/m growth. This was mainly due to mills’ winter restocking purchase for scrap […]
Final thoughts
I’d have been surprised if anyone told me just last week that the January scrap market might move lower. What we saw on Friday were offers. Not settlements. And no doubt there are still some twists and turns in store before we can say for sure which way scrap will go. The post Final thoughts appeared first on Steel Market Update.
Asian scrap prices rebound, backed by rises elsewhere
Scrap prices rose m/m in all major Asian markets. Besides more restocking demand from Southeast Asia, the sharp increase in US scrap prices has pushed up import prices in the Asian markets and enabled Asian exporters to raise offer prices. Chinese domestic scrap prices rose to RMB2,910 /t in mid-November and stabilised at this level […]
US, EU To Continue Talks on Steel, Aluminum Deal After White House Meeting
After a meeting Friday at the White House, the EU and US issued a joint statement noting no concrete movement towards a Global Arrangement on Sustainable Steel and Aluminum. The post US, EU To Continue Talks on Steel, Aluminum Deal After White House Meeting appeared first on Steel Market Update.
CRU: Copper in Steel Scrap Will Constrain Domestic Use
In the race to lower emissions, both steel companies and countries are promoting greater use of domestic scrap, but this approach has two key weaknesses. Firstly, using more steel scrap in one country will have no impact on global carbon emissions – it will simply see scrap use move from one country to another. Secondly, […] The post CRU: Copper in Steel Scrap Will Constrain Domestic Use appeared first on Steel Market Update.
US Steel Shipments Fall in February: AISI
US steel mill shipments declined 3.2% in February vs. January, and were off 4.4% from February 2022, the American Iron and Steel Institute (AISI) reported on Wednesday. Domestic steel mills shipped 6,917,842 net tons in February, compared with 7,148,270 tons in January and 7,232,679 tons in the same month a year earlier. AISI said that shipments […] The post US Steel Shipments Fall in February: AISI appeared first on Steel Market Update.