Tag: SMU

Out with the old, in with the rebranding!

Steel Industry Unites for Earth Day: Commitment to decarbonization and sustainable practices.

Sims sees US as bright spot in scrap world

UAW, Ford reach tentative pact, avert strike at Kentucky Truck Plant

Everyone knows the old saying that “a picture is worth a thousand words.” Just because it’s a cliché doesn’t mean that it’s wrong. A lot of inked has been spilled trying to figure out why prices are falling now. I thought it might be as simple as this: Market dynamics in the fourth quarter (UAW strike, companies buying ahead of an anticipated post-strike price spike, etc.) pulled forward restocking activity that typically happens in the first quarter. The post Final thoughts appeared first on Steel Market Update.

The CRUmpi declined by 1.7% month over month (m/m) to 325.2 in February, compared to a 4.3% m/m increase in February 2023. The post CRU: Scrap prices hit by weak demand offsetting tight supply appeared first on Steel Market Update.

What's the steel market talking about at present? The post Steel market chatter this week appeared first on Steel Market Update.

The scrap export market has demonstrated resiliency so far this year from the US East Coast. This strength has mainly come from the Turkish market. Despite weakening orders for rebar in their domestic market, imported scrap prices have held up until the last several days. The US West Coast is not as active, but there are orders in South Asia and in South America that are keeping things afloat. The post Miller on scrap: US East Coast boosted by Turkey appeared first on Steel Market Update.

The spread between hot-rolled coil (HRC) and prime scrap prices narrowed further this month, according to SMU’s most recent pricing data. The post HRC vs. busheling scrap spread narrows in February appeared first on Steel Market Update.

US busheling scrap prices fell this month, while HMS and shredded grades remained largely unchanged. The post Prime scrap tags fall in February, HMS and shredded mostly flat appeared first on Steel Market Update.