Indiana-based Steel Dynamics Inc (SDI) has concluded its purchase of Roca Acero in Mexico, boosting its recycling operations in the country. Headquartered in Monterrey, Roca ships around 575,000 s.tons/y of recycled ferrous and non-ferrous scrap metals from five plants in central and northern Mexico. Their processing capacity is approximately 850,000 s.tons/y. As SDI’s OmniSource recycling business is […]
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 Physical HR prices continue to decline at a steady pace. Spot indexes have declined almost $140/ST since the end of […] The post Hot Rolled Futures: Treading Water! appeared first on Steel Market Update.
Editor’s note: Paul Lowrey did a presentation at the Tampa Steel Conference in February 2022 covering a range of industry issues. It was well received by the audience. and SMU asked him to do it again at Steel Summit 2022 with updates. This is an excerpt of his anticipated presentation. I’m approaching 30 years in […] The post Lowrey: It’s a Great Time To Be in the Steel Industry appeared first on Steel Market Update.
Editor’s note: SMU Contributor David Feldstein is president of Rock Trading Advisors. Rock provides customers attached to the steel industry with commodity price risk management services and market intelligence. RTA is registered with the National Futures Association as a Commodity Trade Advisor. David has over 20 years of professional trading experience and has been active […] The post Ferrous Futures: Rangebound and Itching for a Big Move – Up or Down? 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 Recent HR spot price increases have continued to decelerate this month as prices near $1,500/ton. Initial market metallic supply concerns […] The post Hot Rolled Futures: Declining Futures Prices Reflect Rising Interest Rate Concerns 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 As the Russia/Ukraine conflict continues to smolder the upward trend in spot HR prices appears to have stalled this week […] The post Hot Rolled Futures: The HR Market Takes a Pause 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 Ukraine/Russia war continues to fester, leaving all markets with maximum uncertainty. HR physical prices have risen just over $300/ST […] The post Hot Rolled Futures: Big Spike in Metallics Pushes Ferrous Prices Higher 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 In spite of a large drop in the HR index this past week (sub $950/ST), the forward curve in HR […] The post Hot Rolled Futures: Strong Near-Term Price Reversal in HR; How Long Will it Last? appeared first on Steel Market Update.
You don’t need SMU pontificating about how the Russia-Ukraine conflict marks the end of the post-WWII order. Suffice it to say the world we woke up to today is vastly different from the one we reported on in our last edition. We’re also getting used to thinking about things we haven’t had to think about […] The post Final Thoughts appeared first on Steel Market Update.
Steel Market Update sources expect ferrous scrap prices to rise by at least $30/GT, and probably more, in most regions next month, following substantial declines in January and February. On the metallics front, mills around the world are watching anxiously to see how the conflict in Ukraine will impact pig iron supplies and prices. “The […] The post Scrap Prices Poised to Jump in March; Pig Iron a Casualty of War? appeared first on Steel Market Update.