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.
European scrap prices were mostly unchanged m/m in February because weak demand was relatively balanced by limited supply.
US scrap prices fell again this month, as ample availability and tepid demand put downward pressure on the market
Supply decreased for both scrap and pig iron due to seasonal factors, but availability remained ample amid tepid demand in a challenging steel market.
Turkish scrap import prices decreased last week.
Scrap prices are expected to remain mostly stable across key markets in March
The CRUmpi declined by 1.7% month over month (m/m) to 325.2 in February, compared to a 4.3% m/m increase in February 2023. The post CRU: Scrap prices hit by weak demand offsetting tight supply appeared first on Steel Market Update.
US busheling scrap prices fell this month, while HMS and shredded grades remained largely unchanged. The post Prime scrap tags fall in February, HMS and shredded mostly flat appeared first on Steel Market Update.
The sun decided to greet us on the second day of the Tampa Steel Conference 2024. Attendees from the chillier northern parts of the continent got their dose of winter sunshine. But whatever the temps, it was inside the conference room where things really heated up. January is always a time to make sense of the year that’s just passed, and look out for the trends for the year ahead. The post Final thoughts appeared first on Steel Market Update.
Stainless steel producer Outokumpu of Finland has completed its planned acquisition of a 10% stake in a long-established supplier, German recycler Cronimet, following regulatory approval. Outolumpu’s main motive is to secure sourcing of high-quality scrap close is to its steel making operations in northeastern Europe. But the companies will also co-operate on joint innovation and […]
This latest SMU steel market survey is a snapshot of a sheet market inflecting lower. A significant 43% of survey respondents said that the hot-rolled (HR) coil market has already peaked. Compare that to only 8% when we released our last steel market survey on Jan. 5. The post Final thoughts appeared first on Steel Market Update.