Tag: CRU

By CRU Research Analyst Aaron Kearney-Keaveny, from CRU’s Steelmaking Raw Materials Monitor The CRU metallics price indicator (CRUmpi) for November fell by 3.5% month-on-month (MoM), to 298.3, which is the lowest level since December 2020. Global scrap demand continues to be undermined by weak steel market fundamentals in key markets. Over the past few months, […] The post CRU: Scrap Prices Continue Fall, Decouple From Other Metallics appeared first on Steel Market Update.

The following article on the hot-rolled coil (HRC), scrap and financial futures markets was written by Jack Marshall of Crunch Risk LLC. Here is how Jack saw trading over the past week: Hot Rolled The indicated value of HR spot has declined roughly $31 per short ton ($687/ST to $656/ST) this month. For comparison purposes, […] The post HR Futures: Shifting Expectations in Forward Curve Prices appeared first on Steel Market Update.

Turkish scrap import prices slightly increased w/w Turkish scrap market turned quiet again and prices for imported material have remained largely stable. Our assessment slightly rose by $2 /t w/w to $350 /t CFR for HMS 1/2 80:20 on one confirmed deal from a US seller, while prices were $18 /t lower m/m. Scrap prices(1) $/t14-Oct21-Oct28-Oct04-Nov11-NovHMS […]

By CRU Senior Analyst, Puneet Paliwal, from CRU’s Scrap, DRI/HBI & Pig Iron Monitor The CRU metallics price indicator (CRUmpi) for November fell by 3.5% month-on-month (MoM), to 298.3, which is the lowest level since December 2020. Global scrap demand continues to be undermined by weak steel market fundamentals in key markets, causing prices to stay […] The post CRU: Key Global Metallics Prices Continue to Decouple appeared first on Steel Market Update.

Turkish scrap import prices decreased w/w Last week there was some buying activity in the Turkish scrap market after no trades took place during the week prior. These new deals were done at lower price levels amid persistent weakness in the finished steel market. Our assessment for HMS 1/2 80:20 dropped for the first time […]

Turkish scrap import prices unchanged w/w The Turkish scrap market remained silent last week. Our assessment is unchanged at $372 /t CFR for HMS 1/2 80:20 (+$0 /t w/w, +$7 /t m/m) due to a lack of new confirmed deals. Although no deals were heard for scrap, market participants have indicated scrap prices are under […]

SMU has released its latest full survey results, and I want to highlight some big changes that we’ve seen in the data compared to just two weeks ago. Chief among them is what appears to be a big shift in service center pricing and buying patterns. We had seen most service centers trying to hold […] The post Final Thoughts appeared first on Steel Market Update.

Turkish scrap market has turned quiet again after some purchases in mid-October. We heard three fresh deals completed in , which slightly lifted our assessment to $372 /t CFR (+$4 /t w/w, +$28 /t m/m). Scrap prices(1) $/t23-Sep30-Sep07-Oct14-Oct21-OctHMS 1/2 80:20 CFR Turkey344365368368372Shredded CFR Turkey364385388388392Notes: (1) weighted average of known transactions from all points of origin. Persistent […]

The following article on the hot-rolled coil (HRC), scrap and financial futures markets was written by Jack Marshall of Crunch Risk LLC. Here is how Jack saw trading over the past week: Hot Rolled HR spot physical indexes have remained anchored just above the mid-$700/net ton area with one more week to go before the […] The post HR Futures: Indecision Remains with Neutral to Bearish Sentiment appeared first on Steel Market Update.

Turkish scrap import prices unchanged w/w Last week, Turkish scrap prices remained stable at $368 /t CFR (+$0 /t w/w, +$19 /t m/m) in an absence of fresh deals. Both finished steel (export) and scrap (import) prices were mostly stable in the past week as industry convened for the Irepas conference during 9-11 October, while […]