Steel Market Update sources report that ferrous scrap prices have turned around after repeated declines in the first half of the year and are settling up $20/GT for August, lending support to recent price increases on finished steel. “Demand is about the same for August as it was in July, there is just a little […] The post Ferrous Scrap Prices Up $20 in August appeared first on Steel Market Update.
The surge in the price of iron ore and the decline in the price of scrap continued through mid-July, benefiting the EAF producers in the U.S. over the integrated mills Table 1 summarizes the price changes through July of the five materials considered in this analysis. It reports the month/month, 3 months/3 months and 12 […] The post Raw Materials Prices: Iron Ore, Coking Coal, Pig Iron, Scrap, Zinc 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: Lighter volume summer market conditions prevail in the HR futures market. After six consecutive price increases, in the HR index that the […] The post Hot Rolled Futures: Sentiment Shift! 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 Latest HR indexes have physical trading higher at around $555/ST to $560/ST, which appears to reflect the first of the three mill […] The post Hot Rolled Futures: Price Increases at Play? 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 From 7/11/2018 up to this Wednesday, 6/26/2019, the HR index that the CME uses to settle the HR futures contract has dropped […] The post Hot Rolled Futures: Have We Found a Bottom? appeared first on Steel Market Update.
Steel Market Update is pleased to share this Premium content with Executive level members. For more information on upgrading to a Premium-level subscription, email Info@SteelMarketUpdate.com. The price of iron ore has surged as scrap has declined benefiting the EAF producers in the U.S. over the integrated mills. Table 1 summarizes the price changes through June […] The post Raw Materials Prices: Iron Ore, Coke, Scrap, Pig Iron, Zinc appeared first on Steel Market Update.
By Chris Houlden, CRU Research Manager CRU held its annual Steel Briefing in New York City on June 17. This Insight summarizes the key takeaways from papers presented by CRU North America market specialists Josh Spoores and Ryan McKinley. • Up to 20 Mt of new hot-rolling and over 8 Mt of steelmaking capacity could come […] The post CRU: Excess Steel Supply Looms in the USA 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 HR spot prices continue to trickle lower. June indexes have started out under $600/ST with Jun’19 HR futures trading in the […] The post Hot Rolled Futures: HR, Scrap Prices Continue Slow Decline 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 The hot rolled steel market remains cautious but optimistic with domestic producer prices coming in at even larger discounts to foreign […] The post Hot Rolled Futures: Big Price Move Down Leads to Shifting Market Sentiment appeared first on Steel Market Update.
Coking coal, scrap and zinc prices have weakened in the last month. Table 1 summarizes the price changes through April of the five materials considered in this analysis. It reports the month / month, 3 months / 3 months and 12 months / 12 months changes and tells us that at the three-month level only […] The post Raw Material Prices: Iron Ore, Coking Coal, Pig Iron, Scrap and Zinc appeared first on Steel Market Update.