Tag: Shredded

Ferrous scrap prices increased from November to December, according to Steel Market Update sources, breaking the seven-month cycle of price declines. Buyers reported prime scrap prices increased roughly $30 per gross ton, while shredded prices rose $20 per ton. “Scrap prices are up a minimum $20-30 per ton this month,” reported one scrap executive. He […] The post Scrap Prices Rise in December, Higher Expectations for January appeared first on Steel Market Update.

Turkish scrap import prices unchanged w/w The Turkish scrap market was again inactive last week as our assessment remained unchanged at $339 /t CFR for HMS 1/2 80:20 (+$0 /t w/w, -$33 /t m/m) due to a lack of new deals. Scrap prices(1) $/t28-Oct04-Nov11-Nov18-Nov25-NovHMS 1/2 80:20 CFR Turkey372348350339339Shredded CFR Turkey392368370359359Notes: (1) weighted average of known transactions […]

SMU’s sheet prices slipped again this week. But some market participants predicted that sheet was at or near a bottom. The anticipation of that bottom appeared to pull some big buyers off the sidelines. Large purchases from some pulled the low end of our hot-rolled coil range below $600 per ton ($30 per cwt) and […] The post SMU Price Ranges: Big Buyers Jump in Hoping for Floor appeared first on Steel Market Update.

By CRU Research Analyst Aaron Kearney-Keaveny, from CRU’s Steelmaking Raw Materials Monitor The CRU metallics price indicator (CRUmpi) for November fell by 3.5% month-on-month (MoM), to 298.3, which is the lowest level since December 2020. Global scrap demand continues to be undermined by weak steel market fundamentals in key markets. Over the past few months, […] The post CRU: Scrap Prices Continue Fall, Decouple From Other Metallics appeared first on Steel Market Update.

Prices of steelmaking raw materials moved in differing directions over the last 30 days, as they did the month prior, according to Steel Market Update’s latest analysis. Through the latest data available as of Nov. 16, pig iron and aluminum increased 7% in the last month, coking coal prices rose 6%, and zinc prices increased 4%. […] The post Steelmaking Raw Material Prices Update: Some Up, Some Down appeared first on Steel Market Update.

Ferrous scrap prices declined from October to November, marking the seventh consecutive month of falling prices, according to Steel Market Update sources. Buyers reported prime scrap fell as much as $30 per gross ton in some regions, while shredded prices were flat to down $20 per gross ton. Sources continue to attribute price declines to […] The post November Scrap Prices Slide by $10-30/Ton appeared first on Steel Market Update.

Turkish scrap import prices slightly increased w/w Turkish scrap market turned quiet again and prices for imported material have remained largely stable. Our assessment slightly rose by $2 /t w/w to $350 /t CFR for HMS 1/2 80:20 on one confirmed deal from a US seller, while prices were $18 /t lower m/m. Scrap prices(1) $/t14-Oct21-Oct28-Oct04-Nov11-NovHMS […]

By CRU Senior Analyst, Puneet Paliwal, from CRU’s Scrap, DRI/HBI & Pig Iron Monitor The CRU metallics price indicator (CRUmpi) for November fell by 3.5% month-on-month (MoM), to 298.3, which is the lowest level since December 2020. Global scrap demand continues to be undermined by weak steel market fundamentals in key markets, causing prices to stay […] The post CRU: Key Global Metallics Prices Continue to Decouple appeared first on Steel Market Update.

Prices of steelmaking raw material moved in differing directions over the last 30 days, according to Steel Market Update’s latest analysis. Through the latest data available as of Oct. 27, coking coal prices increased 15% over the last month, aluminum prices rose 8%, and zinc prices increased 2%. Pig iron prices remained stable. Busheling scrap […] The post Steelmaking Raw Material Prices Through October appeared first on Steel Market Update.

Turkish scrap market has turned quiet again after some purchases in mid-October. We heard three fresh deals completed in , which slightly lifted our assessment to $372 /t CFR (+$4 /t w/w, +$28 /t m/m). Scrap prices(1) $/t23-Sep30-Sep07-Oct14-Oct21-OctHMS 1/2 80:20 CFR Turkey344365368368372Shredded CFR Turkey364385388388392Notes: (1) weighted average of known transactions from all points of origin. Persistent […]