Tag: Shredded

Among steelmaking raw materials, the prices of pig iron, scrap, zinc and aluminum have seen big gains in the past three months. Pig iron and scrap prices have seen significant increases compared to the late summer months. Iron ore and coking coal prices had widened through mid-September but have since declined, with coking coal prices […] The post Raw Materials Prices: Iron Ore, Coking Coal, Pig Iron, Scrap, Zinc appeared first on Steel Market Update.

Following big jumps in December and January, ferrous scrap prices are expected to moderate in February. Steel Market Update sources predict obsolete grades could drop by $30-50/GT and prime grades by $10-20/GT due primarily to the large amount of scrap offered to the mills in January and the weakening export market. “Scrap dealers are lowering […] The post Ferrous Scrap Prices Likely to Decline in February appeared first on Steel Market Update.

Late this week with talks ongoing, it appeared ferrous scrap prices for January would settle up by another $90-100 a ton, reported Steel Market Update sources, on top of a $70-100 a ton jump in December. Complicating negotiations were the many different settled price levels in December. January will see significant increases in all prices […] The post Ferrous Scrap for January Up Another $90-100 a Ton appeared first on Steel Market Update.

Scrap pricing for November is difficult to generalize with notable regional differences, but for the most part obsolete grades have traded sideways while prime grades have seen a small increase, sources tell Steel Market Update. Scrap prices for December are widely expected to move higher, lending further support to higher finished steel prices as the […] The post Ferrous Scrap Prices Flat to Slightly Higher in November appeared first on Steel Market Update.

Despite some initial concern that the ferrous scrap market would dip in November, scrap dealers anticipate a “strong sideways” price trend next month. “Export sales have been voluminous over the last two weeks, and prices are now about $10 off the lowest levels they fell to over the last month or so,” said a dealer […] The post Experts Predict “Strong Sideways” for November Scrap Prices appeared first on Steel Market Update.

Ferrous scrap prices are expected to trade significantly higher again in January on strong demand from mills both domestic and foreign, report Steel Market Update sources. Scrap jumped by more than $70/GT in December and the uptrend is likely to continue into the new year, lending further support to higher finished steel prices. “Like many […] The post Ferrous Scrap to Start the New Year Strong appeared first on Steel Market Update.

By CRU Senior Analyst Ryan McKinley, from CRU’s Steel Metallics Monitor The CRU metallics price indicator (CRUmpi) was unchanged m/m in October at 225.6 following large price increases the prior month. Supply in many markets became more available as prices rose, and this helped prevent additional upside pressure. For November, market sentiment is that prices […] The post CRU: Global Scrap Prices Lose Momentum Due to Supply Influx appeared first on Steel Market Update.

Ferrous scrap prices for October traded sideways to slightly lower in most parts of the country, surprising the experts who had been expecting scrap to move higher for another month. “October sales have brought stable pricing for the majority in the Ohio Valley and Midwest. There seems to be a balance between supply and demand as […] The post Ferrous Scrap Surprises to the Low Side in October appeared first on Steel Market Update.

Looking at the month-on-month changes in steelmaking raw materials costs, the prices of iron ore, pig iron and zinc have continued to experience noticeable gains, a pattern seen since the beginning of Q3 2020. As expected, scrap prices have bounced back after the downturn seen in the summer months, providing support to higher finished steel […] The post Steelmaking Raw Materials Price Update appeared first on Steel Market Update.

By CRU Prices Analyst Estelle Tran, from CRU’s Global Steel Trade Service A combination of increased seasonal demand, low service center inventories, unplanned outages, spike in scrap prices and government restrictions on Brazilian slab imports have added fuel to the usual seasonal uptick and turned it into a surge. After reaching a bottom in mid-August, […] The post CRU: Steel Buyers Fret About Longevity of Rally as Prices Skyrocket appeared first on Steel Market Update.