Tag: Import

The ferrous export market in the US has experienced several geopolitical events and natural disasters during 2023. The post Ferrous Scrap: Export Market Report appeared first on Steel Market Update.

US-based Nucor says it is exploring potential sites in the Pacific Northwest to build a new rebar micro-mill with 650,000 s.tons/y of capacity. Subject to directors’ approval, it would be the group’s fourth such plant, joining existing micro-mills in Missouri and Florida and the one under construction in home state North Carolina. The new mill […]

After a meeting Friday at the White House, the EU and US issued a joint statement noting no concrete movement towards a Global Arrangement on Sustainable Steel and Aluminum. The post US, EU To Continue Talks on Steel, Aluminum Deal After White House Meeting appeared first on Steel Market Update.

The pig iron trade is an important element to the US steel and foundry industry. The post SMU Explains: A Brief History of the US Pig Iron Market appeared first on Steel Market Update.

A large Detroit-area scrap buyer has settled scrap tags for October, with busheling scrap sideways, a source told SMU. The post October Busheling Scrap Tags Flat at Large Detroit-area Buyer: Sources appeared first on Steel Market Update.

Some of the movements in scrap and pig iron pricing over the past 18-24 months have been quite drastic. The post Scrap Insight: Scrap Optimization as a Hedge on Pig Iron Usage? appeared first on Steel Market Update.

Hot-rolled coil prices were down again this week, continuing a streak of week-over-week (WoW) declines that began in early/mid-July. The post SMU Price Ranges: Sheet Declines Moderate – Meaning or Noise? appeared first on Steel Market Update.

Turkish scrap import prices rose due to conclusion of several deals towards the end of last week as key buyers and sellers re-entered the market. The post CRU: Resumption of Trade Leads to Higher Turkish Scrap Import Prices appeared first on Steel Market Update.

The more of you I talk to, the more the question seems to be not whether the United Auto Workers (UAW) will strike later this week but instead for how long. You’re also asking whether the UAW will target one union-represented automaker or whether it might take the unprecedented step of walking out at Ford, […] The post Final Thoughts appeared first on Steel Market Update.

Turkish scrap import prices have remained relatively stable over the past two weeks due to slow trade activity. This was partly due to the holiday on August 30. CRU’s latest price assessment for HMS1/2 80:20 is $368 /metric ton CFR, up $1 /metric ton week-over-week (WoW) and up $21 /metric ton month-over-month (MoM). The holiday […] The post CRU: Turkish Scrap Prices Stabilize Due to Limited Buying Activity appeared first on Steel Market Update.