Final Thoughts: Summer supply crunch has ferrous sentiment faltering as non-ferrous copper soars
Market dynamics unleash fury: Ferrous fades as non-ferrous copper roars
Tag: Final Thoughts
Final Thoughts: May market musings, steel scrap predictions and the future of supply
The consensus for ferrous scrap is sideways, maybe not a strong sideways this month.
Final Thoughts
It’s mid-April and that means it’s time for the ISRI 2024 convention in Las Vegas. There is a great mix of attendees from all over the world, with a record total attendance of 6,624. Congratulations to the ISRI Team on this. Many of these businesses are small startups who are seeing the recycling industry as […]
Final Thoughts: A non-ferrous supply slump drags on
Non-ferrous recycled metals supply slump continues, but for how long? And ferrous recycled metals forecast to be cloudy for May.
Final Thoughts: Which way will the wind blow in April
Soft-to-strong sideways headed into April?
Final Thoughts: scrap community copes with large drop
Insights, Skepticism, and predictions from industry insiders.
Final Thoughts: Ferrous scrap market sees decline
Is the ferrous scrap market potentially signaling an industry recession?
Final Thoughts: Ferrous scrap market awaits
Even though it’s the fifth of the month, there have been no confirmed purchases by domestic steelmakers. Rumors are circulating about how low prices will drop. Most of the scrap community is forecasting a $50/gt drop for #1 busheling, with shredded and P&S at perhaps $40/gt.
Final thoughts
Everyone knows the old saying that “a picture is worth a thousand words.” Just because it’s a cliché doesn’t mean that it’s wrong. A lot of inked has been spilled trying to figure out why prices are falling now. I thought it might be as simple as this: Market dynamics in the fourth quarter (UAW strike, companies buying ahead of an anticipated post-strike price spike, etc.) pulled forward restocking activity that typically happens in the first quarter. The post Final thoughts appeared first on Steel Market Update.
Final thoughts
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.