Ferrous scrap prices are expected to rise as we enter the New Year. Early indications are for scrap prices to make a rather serious move as cold weather sets into the North, further reducing already weak flows of the material into the scrap yards. Prices are forecast to move a minimum of $20-$30 per gross […] The post January Ferrous Scrap Prices Forecast to Rise $20 to $50 appeared first on Steel Market Update.
The U.S. ferrous scrap market has seen prices moving higher during the first 10 days of December. We have seen shredded scrap prices moving $20 to $45 per gross ton depending on the market. Busheling has been more plentiful and has managed to remain stable to up $10 in most markets. We asked one of […] The post Higher Scrap Pricing Forecast for January appeared first on Steel Market Update.
The other day Steel Market Update wrote an article about steel buyers anticipating a flat rolled steel price increase announcement out of the domestic mills prior to the end of the year. Not everyone is a believer that will occur and we got several emails and phone calls pointing out short lead times at a […] The post SMU Notes from Our HARDI Presentation appeared first on Steel Market Update.
Steel buyers are bracing for a new round of flat rolled price increases according to steel buyers and executives as well as the results of our most recent Steel Market Update (SMU) market analysis of the flat rolled steel market which we conducted this past week. “It’s time to raise the price of flat rolled […] The post Buyers Preparing for Next Round of Flat Rolled Price Increases appeared first on Steel Market Update.
The original forecast for December scrap pricing was for ferrous scrap prices to move sideways (no change) to slightly higher, maybe $10 per gross ton. That was three weeks ago. As the month of December moved closer, the expectation for a sideways move was replaced with up $10 to $20 per gross ton. The month […] The post Scrap Prices Meeting & Somtimes Exceeding Expectations appeared first on Steel Market Update.
SMU Sources Forecast Scrap to Rise by $40 by the Beginning of the New Year Steel Market Update (SMU) scrap sources are forecasting ferrous scrap prices to rise by approximately $40 per ton by early January. December scrap prices are projected to be flat (sideways) to up slightly from November scrap pricing levels. However, scrap […] The post December Ferrous Scrap Forecast to Move Sideways to Up $10 appeared first on Steel Market Update.
Scrap prices settled higher as the first full week of November came to conclusion. Our sources pegged the Upper Midwest/Chicago area prices up approximately $30 per ton compared to the beginning of October. #1 Heavy Melt (HMS) was referenced at $375 per gross ton ($370-$380 range). Our previous price level for the area averaged $348 […] The post Scrap Prices Up $30 in Most Markets appeared first on Steel Market Update.
According to Steel Market Update (SMU) sources scrap prices are headed higher for the month of November delivery into the domestic steel mills. Early reports have Detroit settling up $30 per gross ton on all grades. We have also heard shred prices are up $30 per gross ton in the Cleveland and Pittsburgh markets and […] The post Early Reports Have Shredded Scrap up $30 in Detroit, Pittsburgh, Cleveland appeared first on Steel Market Update.
The inputs which affect steel prices increased slightly during the month of September with the exception of shredded scrap and 58% Fe Iron Ore prices. Busheling and HMS scrap prices increased by $3 to $5 per ton in the Midwest. Iron ore spot pricing – which is measured out of China – showed one product […] The post Input Costs Affecting Pricing, Iron Ore, Scrap, Zinc and Aluminum appeared first on Steel Market Update.
Final Scrap Pricing Settlement Numbers Still in Negotiation Scrap prices continued their weakening trend – especially on shredded with cut grades such as #1 HMS and prime grades such as #1 busheling are moving sideways to down $10 depending on the geographical location and the status of the mills in each area. We heard from […] The post Scrap Prices Weakening as Week Progresses appeared first on Steel Market Update.