Ferrous scrap prices are up about $20 per ton across the board on strong domestic demand and scrap export markets “that are on fire,” say SMU’s scrap sources. One scrap metal processor with locations across the country reports HMS at $300, shred at $315 and busheling at $390 per gross ton for August delivery. Export […] The post Scrap Prices Jump on Strong Export Demand appeared first on Steel Market Update.
On Monday, Aug. 28, the steel event of the year will kick off in Atlanta. With four weeks to go and 560 steel and manufacturing executives already registered, expectations are for this conference to truly be the most dynamic steel conference in North America for 2017. Welcome to the 7th Steel Market Update (SMU) Steel […] The post SMU Steel Summit Conference 2017 – What the Fuss is All About appeared first on Steel Market Update.
On Monday, August 28, the steel event of the year will kick off in Atlanta. With less than four weeks to go and 575 steel and manufacturing executives already registered, expectations are for this conference to truly be the most dynamic steel conference in North America for 2017. Welcome to the Steel Market Update Steel […] The post SMU Steel Summit Conference 2017 – What the Fuss is All About appeared first on Steel Market Update.
Steel Market Update (SMU) spoke with steel trading companies and steel mills late last week in order to gauge the “mood” of the steel suppliers. We found a mostly composed group who are looking at business for the long term (although their customers may be more fickle depending on the news of the day). A […] The post The Section 232 Yo-Yo from Mill and Trader Perspectives appeared first on Steel Market Update.
Steel Dynamics, Inc., is excited about the second half and is expecting growth in all sectors through 2018. CEO Mark Millett says the flat rolled arena remains very strong despite a slight turning of the automotive market. Infrastructure is continuing to grow, as evidenced by cranes and road work funded by states, if not federal […] The post SDI Sees ‘Positive Pricing Environment’ Ahead of Section 232 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 If you compare prices between last week and this week, you will see the HR futures market has found support and […] The post 232 Investigation Report Keeps Steel and Scrap Markets Well Bid appeared first on Steel Market Update.
John Harris is the former director of raw materials for ArcelorMittal. Currently, he is a consultant and speaker on global metallics, and he will be a speaker at this year’s SMU Steel Summit Conference at the end of August. Mr. Harris and Philip Hoffman of Hoffman Iron & Steel have been conducting a friendly debate […] The post Chinese Scrap: Forewarned is Forearmed! appeared first on Steel Market Update.
On Thursday, Steel Market Update (SMU) published an article about the scrap markets entitled “Ferrous Scrap: Sideways in July?” In the article, John Harris, the former scrap buyer for ArcelorMittal and one of our speakers at this year’s SMU Steel Summit Conference, gave his opinions on the future issues associated with the industry. On Friday, […] The post Article Prompts Response on Chinese Scrap appeared first on Steel Market Update.
Steel Market Update (SMU) spoke with ferrous scrap executives about the outlook for the industry, not only looking at the upcoming negotiations with the steel mills for July shipments, but also the long-term view. The scrap industry is upbeat about its future as electric arc furnaces continue to take market share from integrated steel producers. […] The post Ferrous Scrap: Sideways in July? appeared first on Steel Market Update.
This is only the third time we have produced a report on global scrap trade. In the future, we will report quarterly because to understand the gyrations of the domestic scrap market we should be aware of where the U.S. stands as a global player. This data is not very current as some nations are […] The post The Gyrations of Global Scrap Trade appeared first on Steel Market Update.