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) $/t 11-Nov 18-Nov 25-Nov 02-Dec 09-Dec HMS 1/2 […]
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) $/t 28-Oct 04-Nov 11-Nov 18-Nov 25-Nov HMS 1/2 80:20 CFR Turkey 372 348 […]
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.
Prices of steelmaking raw materials moved in differing directions over the last 30 days, as they did the month prior, according to Steel Market Update’s latest analysis. Through the latest data available as of Nov. 16, pig iron and aluminum increased 7% in the last month, coking coal prices rose 6%, and zinc prices increased 4%. […] The post Steelmaking Raw Material Prices Update: Some Up, Some Down appeared first on Steel Market Update.
Turkish scrap import prices slightly increased w/w Turkish scrap market turned quiet again and prices for imported material have remained largely stable. Our assessment slightly rose by $2 /t w/w to $350 /t CFR for HMS 1/2 80:20 on one confirmed deal from a US seller, while prices were $18 /t lower m/m. Scrap prices(1) $/t […]
By CRU Senior Analyst, Puneet Paliwal, from CRU’s Scrap, DRI/HBI & Pig Iron 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, causing prices to stay […] The post CRU: Key Global Metallics Prices Continue to Decouple appeared first on Steel Market Update.
Sticking with a business model that’s proven successful over the past three decades, David Stickler and his team at Global Principal Partners (GPP) hope to make their next endeavor with Hybar’s two new rebar minimills another prosperous one. Steel Market Update sat down with the industry veteran this week in an exclusive interview to discuss […] The post INTERVIEW: Stickler Sticks With Proven Model for New Hybar Minimill appeared first on Steel Market Update.
Turkish scrap import prices decreased w/w Last week there was some buying activity in the Turkish scrap market after no trades took place during the week prior. These new deals were done at lower price levels amid persistent weakness in the finished steel market. Our assessment for HMS 1/2 80:20 dropped for the first time […]