Steel mill lead times extended across the board this week, with production times increasing for all five products we track. Recall that lead times for hot-rolled, cold-rolled, and galvanized products were previously at or near multi-year lows in our late November market check. Lead times are up by an average of 0.5 weeks compared to […] The post Steel Mill Lead Times Change Direction, Extend Modestly 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 […]
The spread between hot-rolled coil (HRC) and prime scrap prices has begun to narrow again after three months of stability, according to recent Steel Market Update data. Prices for both products continue to move lower, as they have most weeks since May. The latest HRC-prime spread is exactly one-fourth of what it was this time […] The post Hot Rolled vs Prime Scrap Spread at 26-Month Low 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.
Sticking with a business model that’s proven successful over the past three decades, David Stickler and his team at Global Principal Partners (GPP) hope to make their next endeavor with Hybar’s two new rebar minimills another prosperous one. Steel Market Update sat down with the industry veteran this week in an exclusive interview to discuss […] The post INTERVIEW: Stickler Sticks With Proven Model for New Hybar Minimill appeared first on Steel Market Update.
The relationship between hot-rolled coil (HRC) and prime scrap prices has stabilized in the last few weeks, according to Steel Market Update data. After briefly stalling in August, hot rolled prices have began to slide downwards again since the beginning of this month. Busheling scrap prices settled at down $45 per gross ton last week, the […] The post Hot Rolled vs Scrap Price Spread Stabilizes 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 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.
The spread between hot-rolled coil (HRC) and prime scrap prices has changed course in recent weeks, according to Steel Market Update data. Busheling scrap prices declined for the fifth consecutive month in September, while hot-rolled prices have levelled out in recent weeks. Overall, we had seen a shrinking delta between the two products from May […] The post Hot Rolled vs Scrap Price Spread Inching Back Up appeared first on Steel Market Update.