Tag: CRU

Prices of all five of the raw materials considered in this report advanced in the last month.   Table 1 summarizes the price changes through Jan. 22 of the five materials considered in this analysis. It reports the month/month, 3 months/3 months and 12 months/12 months changes on a percentage basis. All five materials had a […] The post Raw Materials Prices: Iron Ore, Coking Coal, Pig Iron, Scrap, Zinc appeared first on Steel Market Update.

Looking ahead to February, Steel Market Update sources predict ferrous scrap prices will decline by $10-20/GT, which has implications for finished steel prices next month. February is the shortest month of the year, so buying programs will be somewhat weaker, said CRU Senior Analyst Ryan McKinley. “It looks like the February scrap market will trade […] The post Ferrous Scrap Prices Expected to Decline in February appeared first on Steel Market Update.

By CRU Analyst Chris Bandmann, from CRU’s Steel Long Products Monitor Europe: Germany has not seen any significant snowfall yet this winter, and these mild conditions had the potential to support the continuation of construction activities. Construction companies entered their holidays regardless, however, and steel demand has settled into a seasonal low point. Even so, […] The post CRU: European Longs Producers Brace for Scrap Price Fall appeared first on Steel Market Update.

Ferrous scrap prices are up another $20-30/GT in January, on top of similar increases the prior two months, lending support to the finished steel price increases announced this week. Sources put January scrap prices around the following: Shred, $315-330; HMS, $270-275; Bush, $320; and Plate, $285- $310 per ton. Scrap prices typically rise in January […] The post Ferrous Scrap Prices Rise Another $20-30 Per Ton in January appeared first on Steel Market Update.

By CRU Senior Analyst Ryan McKinley, from CRU’s Steel Metallics Monitor The CRU metallics price indicator (CRUmpi) rose by 5.9 percent m/m to 223.5 (see chart) following price increases in nearly every market, the highest level since August 2019. Solid scrap demand has offset better than seasonally typical supply due to mild winter weather in the Northern Hemisphere. […] The post CRU: Scrap Demand Remains Strong During Mild Winter appeared first on Steel Market Update.

In Steel Market Update’s latest raw materials report, Table 1 summarizes the price changes through Dec. 18 of the five materials considered in this analysis. It reports the month/month, 3 months/3 months and 12 months/12 months changes on a percentage basis. Four of the five materials under consideration had a positive price movement in December. […] The post Raw Materials Prices: Iron Ore, Coking Coal, Pig Iron, Scrap, Zinc appeared first on Steel Market Update.

By CRU North America Senior Analyst Ryan McKinley, from CRU’s Steel Metallics Monitor The CRU metallics price indicator (CRUmpi) rose by 7.9 percent m/m to 211.1 (see chart) following price increases in nearly every market. Pervasive market tightness caused by adverse weather and higher domestic demand in major exporting markets forced buyers in import-reliant markets to accept higher […] The post CRU: Seasonal Supply Constraints and Firm Demand Lift Prices appeared first on Steel Market Update.

The following article on the hot rolled coil (HRC) steel and financial futures markets was written by Jack Marshall of Crunch Risk LLC. Here is how Jack saw trading over the past week: Steel The U.S. Midwest HR futures curve in Cal’20 has had a strong move higher from the beginning of November with an […] The post Hot Rolled Futures: Will HR Market Form a Longer-Term Technical Bottom? appeared first on Steel Market Update.

By CRU Senior Analyst Ryan Smith and Senior Consultant Sarah Macnaughton, from CRU’s Crude Steel Market Outlook Climate change is moving up the political agenda and putting increasing pressure on heavy industry to reduce their CO2 emissions. As the largest producer of global industrial CO2 emissions, the steel sector has a clear role to play in meeting […] The post CRU: The Immense Decarbonization Challenge Facing the Steel Industry appeared first on Steel Market Update.

In the last month, the prices of three of the five raw materials tracked by Steel Market Update in this report declined, one advanced and one was unchanged.   Table 1 summarizes the price changes through Nov. 20 of the five materials considered in this analysis. It reports the month/month, 3 months/3 months and 12 months/12 […] The post Raw Materials Prices: Iron Ore, Coking Coal, Pig Iron, Scrap, Zinc appeared first on Steel Market Update.