Turkish scrap import prices increased w/w Turkish scrap prices rebounded on a fresh deal last week, for the first time since the beginning of September. Our assessment for HMS 1/2 80:20 rose to $365 /t CFR, up by $21 /t w/w and down by $31 /t m/m. Scrap prices(1) $/t 02-Sep 09-Sep 16-Sep 23-Sep 30-Sep HMS […]
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 (HR) futures participants market watch as they wait for signs that demand will return even as the dollar continues to […] The post Hot Rolled Futures: Participants Watch for Signs Demand Will Return appeared first on Steel Market Update.
Turkish scrap import prices marginally declined w/w Turkish scrap prices fell marginally last week, down to $344 /t CFR for HMS 1/2 80:20 (-$5 /t w/w, -$49 /t m/m). Scrap prices(1) $/t 26-Aug 02-Sep 09-Sep 16-Sep 23-Sep HMS 1/2 80:20 CFR Turkey 393 396 371 349 344 Shredded CFR Turkey 413 416 391 369 364 Notes: […]
We’ve seen a wave of mill idlings and outages this fall. But steel buyer reaction to date has been subdued. The yawn now in response to all those tons coming out of the market stands in stark contrast to the almost hysterical reaction to downtime at even the smallest producers in early 2021. Remember the […] The post Final Thoughts appeared first on Steel Market Update.
By CRU Research Analyst Aaron Kearney-Keaveny, from CRU’s Steelmaking Raw Materials Monitor The CRU metallics price indicator (CRUmpi) rose by 2.2% month-on-month (MoM) to 312.3, following four continuous months of decline since May 2022. This MoM rise in the CRUmpi was specifically driven by a sharp rebound in Asian scrap prices while European prices stabilized. […] The post CRU: Scrap Prices Lift from Restocking, But Less Than Expected appeared first on Steel Market Update.
Prices for each of the steelmaking raw materials tracked in this SMU analysis decreased over the last 30 days, further declining from the record-high levels seen in March and April. Through the latest data available as of Sept. 21, zinc prices decreased 12% in the last month, busheling scrap and aluminum prices fell 7%, pig […] The post Steelmaking Raw Material Prices Fall Further in September appeared first on Steel Market Update.
US plate prices fell this week, responding to Nucor’s latest price announcement on Monday, Sept. 19. Price tags remain under pressure and further declines are expected through the fourth quarter as spot demand is likely to remain limited. But few expect Nucor’s latest plate price announcement to generate any immediate business, sources told SMU, speculating […] The post Plate Market Report: Prices Fall, More Easing Expected appeared first on Steel Market Update.
Turkish scrap prices fell on two fresh deals in the week commencing 12 September, down to $349 /t CFR for HMS 1/2 80:20 (-$22 /t w/w, -$46 /t m/m). Scrap prices(1) $/t 19-Aug 26-Aug 02-Sep 09-Sep 16-Sep HMS 1/2 80:20 CFR Turkey 395 393 396 371 349 Shredded CFR Turkey 415 413 416 391 369 Notes: […]
Turkish scrap import prices decreased w/w Turkish scrap prices fell last week, down to $371 /t CFR for HMS 1/2 80:20 (-$25 /t w/w, -$21 /t m/m). Trading activity has remained thin. Scrap prices(1) $/t 12-Aug 19-Aug 26-Aug 02-Sep 09-Sep HMS 1/2 80:20 CFR Turkey 392 395 393 396 371 Shredded CFR Turkey 412 415 413 […]
Members of Thyssenkrupp’s executive board have agreed to allocate more than €2 bn ($2 bn) of capital for construction of the German conglomerate’s first direct reduction iron (DRI) plant. A final go-ahead remains subject to public funding. The company’s intention is to award the contract for the 2.5 Mt/y unit at its Duisburg works in […]