Perhaps it’s because the year started out with so much promise that the end of 2018 seemed so uninspiring. On balance, most in the steel business would call 2018 a good year, some even a great year. But few look forward to 2019 with the same optimism and confidence they felt a year ago at […] The post 2018 Year in Review; What Does It Mean for 2019? appeared first on Steel Market Update.
Editor’s note: Steel Market Update is sharing the following Premium content with all its readers in this issue. For more information on how to upgrade to a Premium-level subscription, email info@SteelMarketUpdate.com. Table 1 summarizes the price changes through December of the five materials considered in this report. It reports the month/month, 3 months/3 months and […] The post Raw Material Prices: Iron Ore, Coking Coal, Pig Iron, Scrap and Zinc appeared first on Steel Market Update.
Ferrous scrap prices are down sharply in January, settling $30 to $40 per ton lower than December, report Steel Market Update sources. The decline was a surprise to many as scrap prices typically rebound in January following seasonal slowness at the end of the year. CRU Steel Analyst Ryan McKinley noted that this is the […] The post Ferrous Scrap Prices Down Sharply in January appeared first on Steel Market Update.
Following increases in October and November, ferrous scrap prices for December settled with relatively little change, report Steel Market Update sources. “Pittsburgh and points west went sideways. East of Pittsburgh and to the south, prices went down $10 per ton,” said one dealer. Export buying prices are off by $20 per ton, he added. “Declining […] The post Ferrous Scrap Prices Mostly Sideways in December 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 continued to fall this week breaking down through the $800/ST [$40/cwt] level. The HR futures followed suit. Futures […] The post Futures: HR and Scrap Forward Curve Steepness Moving in Opposite Directions appeared first on Steel Market Update.
After rising in October and November, ferrous scrap prices are expected to move sideways in December with the possibility of a small $10 per ton increase for some grades. But weakness overseas complicates predictions longer term, say Steel Market Update sources. “December is generally a month when scrap prices rise,” said CRU North America Steel […] The post Ferrous Scrap Prices: Little to No Increase Expected in December appeared first on Steel Market Update.
Ferrous scrap prices have risen for the second month in a row as November buys settled early at up $10 for prime grades and up $20 for obsoletes, report Steel Market Update sources. “Dealers and mills both wanted to wrap things up given that November is a shorter shipping month and they need to get […] The post Ferrous Scrap Prices Up Again in November 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 futures have been subdued the last week or so. With spot HR and the Oct’19 settle both pegged at $831/ST, the […] The post HRC Futures: Near-Term HR Futures in Holding Pattern appeared first on Steel Market Update.
Steel Market Update sources are expecting another $10-$20 per ton increase in ferrous scrap prices in November, much like the bump seen in October. “If there is a $10-$20 change, shredded scrap will be on the higher end, given typical seasonal slowdowns and lower scale prices,” said CRU North America Steel Analyst Ryan McKinley. Some […] The post Ferrous Scrap Prices Expected to Rise Again in November appeared first on Steel Market Update.
In the last 12 months, the price of coking coal and scrap have continuously trended up, zinc has continuously trended down, and iron ore and pig iron have been erratic. Table 1 summarizes the price changes through November of the five materials considered in this Steel Market Update report. It includes the month/month, 3 months/3 […] The post Raw Material Prices: Iron Ore, Coking Coal, Pig Iron, Scrap and Zinc appeared first on Steel Market Update.