Product
February 1, 2013
Ferrous Scrap Exports – January through November 2012
Written by John Packard

Product
February 1, 2013
Written by John Packard

Drilling activity increased in both the US and Canada this week, touching new multi-month highs, according to recently released Baker Hughes figures.
The decisive factor remains the 50% Section 232 tariffs. Still, imports from Europe remain largely near parity with domestic material, while Southeast Asian products are at a considerable discount.
Algoma’s CEO touted the company’s plate production and its focus on the Canadian market.
This item was first published by CRU. To learn about CRU’s global commodities research and analysis services, visit www.crugroup.com. Chinese steel export prices remained rangebound on persistently weak demand. Indian hot-rolled (HR) coil export prices fell amid elevated freight rates and European caution, while Turkish HR coil export prices came under pressure from EU quota exhaustion. […]
A look at trends in the international scrap market.