Tag: SMA

On Steel Market Update’s most recent Community Chat, we caught up with Timna Tanners, managing director of Wolfe Research, to hear her latest take on the steel market. Tanners chatted with SMU managing editor Michael Cowden about the myth of mill discipline within the sheet market. The market isn’t much more disciplined than a few […] The post SMU Community Chat: Tanners Talks the ‘Myth’ of Mill Discipline appeared first on Steel Market Update.

Join us for SMU’s next Community Chat webinar with Wolfe Research managing director Timna Tanners. The webinar will be held on Wednesday, July 12, at 11 am ET. It’s free for all to attend. A recording will be available to SMU members. You can register here. We’ll talk about what Tanners describes as “the myth […] The post Register Now for July 12 Community Chat With Timna Tanners! appeared first on Steel Market Update.

Secondary lead producer Hakurnas has agreed to install ACE Green’s recycling technology at its plant in Ashdod in Israel to improve its environmental performance. After the initial breaking of lead battery scrap, the conventional second step to recover the lead is smelting via a furnace that operates at high temperatures and produces significant GHG emissions […]

New calculations suggest that the lifespan of steel might be shorter than originally believed, according to a report released by the Steel Manufacturers Association (SMA). The report provides new calculations suggesting that the lifespan of steel is in the range of 25 to 35 years, rather than 40 years. The shorter lifespan increases the availability of […] The post SMA: Shorter Steel Lifespan Could Relieve Scrap Demand appeared first on Steel Market Update.

We’ve written in SMU about “green” steel and whether steel consumers, including market-leading OEMs, will pay a premium for it. What about the potential for premiums in scrap too? Maybe not for green scrap. But what about for “prime grade” or prime-equivalent shredded scrap? Shred that transforms into prime – maybe we could call it […] The post Final Thoughts appeared first on Steel Market Update.

The spread between hot-rolled coil (HRC) and prime scrap prices has widened again in April from March, though much smaller than last month’s number, according to Steel Market Update data. Both SMU’s hot-rolled coil price average and busheling prices dropped this week. Our hot-rolled coil average slipped $15 per ton week-over-week to $1,145 per ton ($57.25 per cwt) as […] The post HRC, Prime Scrap Price Spread Widens $18/t in April appeared first on Steel Market Update.

 By now, anyone who works in the steel industry understands how important sustainability is. Steel is the most recycled material in the world, and recycled steel is a prominent ingredient in electric-arc furnace (EAF) steelmaking. Steel Market Update’s final Spotlight of 2022 gets into sustainability with Philip Bell, president of the Steel Manufacturers Association (SMA), […] The post SMU Spotlight: Phil Bell Talks Sustainability appeared first on Steel Market Update.

Turkish scrap import prices increase w/w Last week, the Turkish scrap market turned quiet again following active buying activity in the prior week. Consequently, our assessment for HMS 1/2 80:20 remained unchanged w/w at $381 /t CFR (+$42 /t m/m) due to a lack of new deals. The previous price rebound in Turkish scrap market […]

The spread between hot-rolled coil (HRC) and prime scrap prices is narrowing for the second consecutive month, according to Steel Market Update data. Prices for both products increased in December, following five consecutive months of declines. The latest HRC-prime spread is one of the lowest recorded in more than two years. The spread is now back […] The post Hot Rolled vs Prime Scrap Price Spread Remains Low appeared first on Steel Market Update.

Turkish scrap import prices increase w/w The Turkish scrap market has continued the rebound and buying activity was more active last week. Our assessment for HMS 1/2 80:20 increased to $381 /t CFR on five fresh deals, up by $7 /t w/w and $31 /t m/m. Scrap prices(1) $/t11-Nov18-Nov25-Nov02-Dec09-DecHMS 1/2 80:20 CFR Turkey350339339374381Shredded CFR Turkey370359359394401Notes: (1) […]