Tag: Export

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 Hot-rolled futures have pushed higher in year-end thin trading. December daily futures trading volumes hovered around 19,000 short tons (ST) per […] The post HR Futures: Will Demand Support the Latest Price Push? appeared first on Steel Market Update.

Turkish scrap import prices increase w/w Last week, the Turkish scrap market turned quiet again following active buying activity in the prior week. Consequently, our assessment for HMS 1/2 80:20 remained unchanged w/w at $381 /t CFR (+$42 /t m/m) due to a lack of new deals. The previous price rebound in Turkish scrap market […]

Turkish scrap import prices increase w/w The Turkish scrap market has continued the rebound and buying activity was more active last week. Our assessment for HMS 1/2 80:20 increased to $381 /t CFR on five fresh deals, up by $7 /t w/w and $31 /t m/m. Scrap prices(1) $/t11-Nov18-Nov25-Nov02-Dec09-DecHMS 1/2 80:20 CFR Turkey350339339374381Shredded CFR Turkey370359359394401Notes: (1) […]

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 Over the last month, HR index prices have continued to decline, but at a much slower pace. The most recent index […] The post HR Futures in Limbo as Risk Managers Await More Data Points appeared first on Steel Market Update.

Turkish scrap import prices increase w/w Turkish scrap prices started to increase significantly last week. Accordingly, our assessment for HMS 1/2 80:20 rose to $374 /t CFR based on two new deals, up by $35 /t w/w and $26 /t m/m. Scrap sellers have been raising prices amid tighter supply into winter months, and buyers […]

Turkish scrap import prices unchanged w/w The Turkish scrap market was again inactive last week as our assessment remained unchanged at $339 /t CFR for HMS 1/2 80:20 (+$0 /t w/w, -$33 /t m/m) due to a lack of new deals. Scrap prices(1) $/t28-Oct04-Nov11-Nov18-Nov25-NovHMS 1/2 80:20 CFR Turkey372348350339339Shredded CFR Turkey392368370359359Notes: (1) weighted average of known transactions […]

The government of Trinidad and Tobago will lift the prohibition on foreign shipments of steel scrap by 31 December. But the ban on in-demand copper will remain. The measures were introduced in August to provisionally last six months to tackle the theft of infrastructure, notably copper and fibre optic cables from telcom TSTT which left […]

Turkish scrap import prices decreased w/w Last week, Turkish scrap prices dropped on a deal from the USA. Our assessment fell to $339 /t CFR for HMS 1/2 80:20, down by $11 /t w/w and $33 /t m/m. The downward movement in the scrap market is mainly due to the stagnant state of the finished […]

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.