By CRU Senior Analyst, Puneet Paliwal, from CRU’s Scrap, DRI/HBI & Pig Iron Monitor Global scrap prices stay subdued while those of ore-based metallics have found some support. Overall metallics demand continues to be hampered by the steel market weakness, a trend which may sustain through the short term, particularly in Europe. The CRU metallics price […] The post CRU: Metallics Prices Have Not Yet Bottomed appeared first on Steel Market Update.
Steel Market Update sources report that ferrous scrap prices fell again in October. The drop marks the sixth consecutive month of declining scrap tags. Prime scrap prices fell an average of $45 per ton, while obsolete grades were relatively flat to down $25. Scrap sources attributed falling prices to weakening demand on both the domestic and […] The post Scrap Prices Fall Again in October on Outages, Global Gloom appeared first on Steel Market Update.
Turkish scrap import prices increased w/w Last week, Turkish scrap prices were largely stable, slightly inching up on two new deals to $368 /t CFR (+$3 /t w/w, -$3 /t m/m). Scrap prices(1) $/t09-Sep16-Sep23-Sep30-Sep07-OctHMS 1/2 80:20 CFR Turkey371349344365368Shredded CFR Turkey391369364385388Notes: (1) weighted average of known transactions from all points of origin. Turkish finished steel exports have […]
Turkish scrap import prices increased w/w Turkish scrap prices rebounded on a fresh deal last week, for the first time since the beginning of September. Our assessment for HMS 1/2 80:20 rose to $365 /t CFR, up by $21 /t w/w and down by $31 /t m/m. Scrap prices(1) $/t02-Sep09-Sep16-Sep23-Sep30-SepHMS 1/2 80:20 CFR Turkey396371349344365Shredded CFR Turkey416391369364385Notes: […]
Turkish scrap import prices marginally declined w/w Turkish scrap prices fell marginally last week, down to $344 /t CFR for HMS 1/2 80:20 (-$5 /t w/w, -$49 /t m/m). Scrap prices(1) $/t26-Aug02-Sep09-Sep16-Sep23-SepHMS 1/2 80:20 CFR Turkey393396371349344Shredded CFR Turkey413416391369364Notes: (1) weighted average of known transactions from all points of origin. Turkish longs export demand was subdued last […]
We’ve seen a wave of mill idlings and outages this fall. But steel buyer reaction to date has been subdued. The yawn now in response to all those tons coming out of the market stands in stark contrast to the almost hysterical reaction to downtime at even the smallest producers in early 2021. Remember the […] The post Final Thoughts appeared first on Steel Market Update.
Prices for each of the steelmaking raw materials tracked in this SMU analysis decreased over the last 30 days, further declining from the record-high levels seen in March and April. Through the latest data available as of Sept. 21, zinc prices decreased 12% in the last month, busheling scrap and aluminum prices fell 7%, pig […] The post Steelmaking Raw Material Prices Fall Further in September appeared first on Steel Market Update.
Turkish scrap prices fell on two fresh deals in the week commencing 12 September, down to $349 /t CFR for HMS 1/2 80:20 (-$22 /t w/w, -$46 /t m/m). Scrap prices(1) $/t19-Aug26-Aug02-Sep09-Sep16-SepHMS 1/2 80:20 CFR Turkey395393396371349Shredded CFR Turkey415413416391369Notes: (1) weighted average of known transactions from all points of origin. The previous hike in Turkish longs offers […]
Turkish scrap import prices decreased w/w Turkish scrap prices fell last week, down to $371 /t CFR for HMS 1/2 80:20 (-$25 /t w/w, -$21 /t m/m). Trading activity has remained thin. Scrap prices(1) $/t12-Aug19-Aug26-Aug02-Sep09-SepHMS 1/2 80:20 CFR Turkey392395393396371Shredded CFR Turkey412415413416391Notes: (1) weighted average of known transactions from all points of origin. After the announcement of […]
Prices for five of the seven steelmaking raw materials tracked in this SMU analysis decreased over the last 30 days, further declining from the record levels seen in March and April. Through the latest data available as of August 31, pig iron prices decreased 38% in the last month, busheling scrap prices fell 14%, aluminum […] The post Majority of Steelmaking Raw Material Prices Decline Through August appeared first on Steel Market Update.