Tag: Export

With prime steel prices continuing to slide, market conditions for distributors of secondary steel are a bit discouraging. The cheaper the prime products, the less incentive for buyers to seek out deals on nonprime material. Nonprime or secondary steel includes coils that are rejected because they failed to meet the specifications for their original use, […] The post Margins Tight in a “Sluggish” Secondary Steel Market 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 hot rolled steel market remains cautious but optimistic with domestic producer prices coming in at even larger discounts to foreign […] The post Hot Rolled Futures: Big Price Move Down Leads to Shifting Market Sentiment appeared first on Steel Market Update.

By CRU Analyst Michelle Liu Turkish prices have continued to fall, down $7 /t w/w for the week ending Friday, April 12, to $305 /t CFR for HMS 80:20. Warmer weather has increased supply in the U.S. and Europe, placing downward pressure on scrap prices there. This was compounded by reduced scrap demand on both […] The post CRU: Scrap Price Falls Aided by Improved Supply appeared first on Steel Market Update.

Steel Market Update is pleased to share this Premium content with Executive-level members. For more information on how to upgrade to a Premium-level subscription, email info@SteelMarketUpdate.com. This is a quarterly analysis that SMU performs using data from the Iron and Steel Statistics Bureau in the UK. We believe that to improve our understanding of the […] The post Global Scrap Market: U.S. Continues to Increase Share appeared first on Steel Market Update.

Raw materials prices have lacked direction in the last month. Table 1 summarizes the price changes through March of the five materials considered in this analysis. It reports the month / month, 3 months / 3 months and 12 months / 12 months changes and tells us that iron ore and pig iron declined in […] The post Raw Material Prices: Iron Ore, Coking Coal, Pig Iron, Scrap and Zinc appeared first on Steel Market Update.

Editor’s note: The following comments on where ferrous scrap settled for April come from one of SMU’s sources: U.S. scrap market prices gave way to a lull in export demand, mill outages and a perceived increased flow of obsolescent scrap due to the onset of spring weather. It ignored the flooding, which has inhibited the flow […] The post Ferrous Scrap Settles Down $20 for April appeared first on Steel Market Update.

Ferrous scrap prices for June have settled down another $30/GT, surprising a market that was expecting little or no decline this month and adding further pressure to already weak finished steel prices. Scrap prices have been on a downward trajectory since January. The drop in scrap prices this month was caused by low mill demand […] The post Ferrous Scrap Prices Drop Another $30 Per Ton appeared first on Steel Market Update.

Ferrous scrap prices for June have settled down another $30/GT, surprising a market that was expecting little or no decline this month and adding further pressure to already weak finished steel prices. Scrap prices have been on a downward trajectory since January. The drop in scrap prices this month was caused by low mill demand […] The post Ferrous Scrap Prices Drop Another $30 Per Ton appeared first on Steel Market Update.

Ferrous scrap prices for June are difficult to predict, report Steel Market Update sources, who disagree on the degree to which the lower tariffs on Turkish steel will affect demand for scrap exports from the U.S. Most expect scrap prices to settle sideways next month after declines for most of the year, but a small […] The post June Ferrous Scrap Prices Tough to Call appeared first on Steel Market Update.

Ferrous scrap prices are poised to drop substantially in May, anywhere from $20 to $50 per gross ton, predict Steel Market Update sources, adding to the downward price momentum on finished steel. Scrap prices moved down or sideways in three of the first four months of the year. CRU North America steel analyst Ryan McKinley […] The post Ferrous Scrap Prices Poised for Another Drop in May appeared first on Steel Market Update.