Tag: Shredded

Steel Market Update sources expect ferrous scrap prices to be sideways or rise slightly going into September. The move would potentially end the four-month streak of declines seen since the spring’s record high tags. Obsolete grades are anticipated to remain relatively stable from August to September, while prime scrap is expected to increase $20-$30 per […] The post September Scrap Prices Expectations Sideways or Rising appeared first on Steel Market Update.

Turkish scrap import prices increased w/w Turkish scrap slightly edged higher to $395 /t CFR for HMS 1/2 80:20 (+$3 /t w/w, -$11 /t m/m). Market activity has picked up after the initial price increase, and we heard five deals ranging from $387 /t to $402 /t CFR Turkey for HMS 80:20. Scrap prices(1) $/t22-Jul29-Jul05-Aug12-Aug19-AugHMS 1/2 […]

Turkish scrap import prices increased w/w Last week, Turkish scrap prices rose sharply on three new deals from western Europe and North America, lifting our assessment for HMS 1/2 80:20 to $392 /t CFR (+$40 /t w/w, -$14 /t m/m). Scrap prices(1) $/t15-Jul22-Jul29-Jul05-Aug12-AugHMS 1/2 80:20 CFR Turkey406406365352392Shredded CFR Turkey426426385372412Notes: (1) weighted average of known transactions from […]

Steel Market Update sources report ferrous scrap prices declined as much as $70 per gross ton from July to August, the fifth consecutive month of declines since March–April’s record high prices. Prime scrap fell by $70 per ton from the month prior, while obsolete grades declined $15–40 per ton. For the first time since late-2020, […] The post Scrap Prices Drop in August, With Bush Near Shred Is Bottom Near? appeared first on Steel Market Update.

Turkish scrap prices continued to edge lower, down to $352 /t CFR HMS 1/2 80:20 (-$13 /t w/w, -$54 /t m/m) based on the latest deal from the US. Scrap prices(1) $/t08-Jul15-Jul22-Jul29-Jul05-AugHMS 1/2 80:20 CFR Turkey406406406365352Shredded CFR Turkey426426426385372Notes: (1) weighted average of known transactions from all points of origin. The activity in Turkish finished steel and […]

Turkish scrap import price dropped to $365 /t for HMS 80:20 following low market activity for two consecutive weeks and weak finished steel market fundamentals. Competitive Russian billet offers have also put downward pressure on scrap demand and prices. Market participants expect this lack of demand to continue in August, which could see prices of […]

Prices for all seven of the steelmaking raw materials tracked in this SMU analysis declined over the last 30 days, receding further from record-high levels seen in March and April. Through the latest data available as of July 27, coking coal prices decreased 56% compared to one month prior, pig iron and busheling scrap prices […] The post Raw Materials Prices Decline Further Through July appeared first on Steel Market Update.

Steel Market Update sources reported ferrous scrap prices fell significantly in July, the third consecutive month of declines since peaking in March and April. Prime grades declined as much as $150 per gross ton, while obsolete grades decreased $30-50 per ton. Scrap prices are now in line with levels seen in the first two months […] The post Prime Scrap Prices Fall as Much as $150/Ton in July, Bottom Near? appeared first on Steel Market Update.

Steel Market Update sources expect ferrous scrap prices to fall again in July, the third consecutive month of declines since March and April’s record high prices. Both prime and obsolete grades are expected to decrease $50 per gross ton or more, with some saying prime could fall as much as $100 per ton. “The swiftness […] The post Scrap Prices Expected to Fall Further in July appeared first on Steel Market Update.

Prices for six of the seven steelmaking raw materials tracked in this SMU analysis declined over the last 30 days, again receding from record-high levels seen 2-3 months prior. Through the latest data available as of June 23, coking coal prices decreased 28% compared to one month prior, aluminum prices fell 15%, iron ore and […] The post Raw Materials Prices Decline Through June appeared first on Steel Market Update.