Tag: Export

Steel Market Update asked one of our Steel Summit Conference speakers, Mike Marley of MetalPrices.com to comment on why scrap prices moved lower as the month of July progressed compared to the early indications of higher ferrous scrap prices during the first few days of the month. Here is his response: There were a couple […] The post SMU Steel Summit Speaker Mike Marley Forecasting Lower Scrap Prices in August appeared first on Steel Market Update.

May ferrous scrap exports totaled 1,708,695 net tons (1,550,104 metric tons) with Turkey, Taiwan, Korea, Canada, and Egypt being the top five countries where scrap was sent. These countries accounted for 69.1 percent of all scrap exports. Total May ferrous scrap exports were 15.7 percent higher than previous month but 27.8 percent lower than the […] The post May Ferrous Scrap Exports Down 28 Percent over Last Year appeared first on Steel Market Update.

Our ferrous scrap sources are advising Steel Market Update that June saw the bottom to scrap prices and July will see prices move sideways (no change) to as much as up $20 per gross ton. If scrap prices do indeed rise by as much as $20 per ton, this could be important for steel buyers […] The post Ferrous Scrap Prices Bottomed in June – Sideways to Up $20 in July (maybe…) appeared first on Steel Market Update.

The HRC futures market has been stuck in a rut over the past couple of weeks in terms of both volumes and price volatility.  The market remains backwardated with the spot price now at 670 and the July futures value around 650, Q3 630 and Q4 630.  While prices in the physical market have softened […] The post HRC Futures Prices Showing signs of Support… appeared first on Steel Market Update.

Our ferrous scrap sources are advising Steel Market Update that June saw the bottom to scrap prices and July will see prices move sideways (no change) to as much as up $20 per gross ton. If scrap prices do indeed rise by as much as $20 per ton, this could be important for steel buyers […] The post Ferrous Scrap Prices Bottomed in June – Sideways to Up $20 in July (maybe…) appeared first on Steel Market Update.

The HRC futures market has been stuck in a rut over the past couple of weeks in terms of both volumes and price volatility.  The market remains backwardated with the spot price now at 670 and the July futures value around 650, Q3 630 and Q4 630.  While prices in the physical market have softened […] The post HRC Futures Prices Showing signs of Support… appeared first on Steel Market Update.

Andre Marshall, CEO of Crunchrisk and our Managing Price Risk I & II workshops instructor writes about the financial and futures markets, including hot rolled futures and busheling scrap futures trading over the past week. You will also be able to see Andre speak at our Steel Summit Conference in September (3 & 4) in […] The post Hot Rolled Futures: Island Living appeared first on Steel Market Update.

April ferrous scrap exports totaled 1,476,282 net tons (1,339,262 metric tons) with Turkey, Taiwan, Korea, Mexico, and China being the top five importing countries. These countries accounted for 73.2 percent of all scrap exports. Total April ferrous scrap exports were 0.7 percent higher than previous month and 36.7 percent higher than the same month one […] The post April Ferrous Scrap Exports Up 36.7% appeared first on Steel Market Update.

The past few weeks have been dire for the futures market in terms of volumes or price volatility. While the physical market has peaked for now, the futures market remains in a strong backwardation with prices for second half the year and calendar year 2015 stuck between 620-630 per ton. While the global picture, particularly […] The post Hot Rolled Futures Prices Range Bound appeared first on Steel Market Update.

We have been working on trying to get a handle on scrap prices and adjustments in the costs the domestic steel mills will have for scrap during the month of June. SMU sources advised us that with the exception of prime grades of scrap most mills cancelled their remaining orders at the end of the […] The post Shredded Scrap Was Weakest Grade in June Trading appeared first on Steel Market Update.