• Skip to main content

    Product

    February 27, 2013

    CRU Indexed “Contract” Spot Purchases – Have the Domestic Mills Hurt the Spot Market?

    Written by John Packard

    The whole reason behind the various indices is to provide transparency to domestic mill spot transactions. This, in turn, gives buyers and sellers a basis to work from when negotiating both existing (spot) and future (contract) deals.

    The issue everyone has – as a buyer your job is to be at the cutting edge – below the spot transaction price level. As a mill supplier your goal is to tie up tonnage in order to keep the various pieces of equipment running at peak performance which (hopefully) will then translate into profits for the mill.

    John Packard

    Read more from John Packard

    Latest in Product

    Algoma lands record steel order for Seaspan icebreakers

    Algoma Steel has secured a contract to supply up to 24,000 metric tons of structural steel plate for Seaspan Shipyards’ Canadian Coast Guard icebreaker program. The agreement, valued at about $182 million Canadian, covers steel for up to six multi-purpose icebreakers, at ~4,000 metric tons per vessel. Algoma will produce the plate, with Stigterstaal Canada serving as the marine steel processing and distribution partner. The order is the largest polar-class steel order in Algoma’s history, according to the companies.

    Ternium plans February start for new slab mill, sees Mexico prices rising

    Ternium SA expects a modest seasonal decline in consolidated steel shipments in the fourth quarter, but sees Mexico revenue per ton continuing to rise with North American steel price trends. The outlook came as the company released its third-quarter earnings report and prepares to start steel shop production at its new Pesqueria slab mill in February. “We are seeing a strong demand in Mexico … strong demand in the US,” CEO Maximo Vedoya said on a conference call on Wednesday to discuss the quarterly earnings. Ternium reported Q3’26 net income of $368 million, compared with $465 million in Q2’26 and a $270-million loss in Q3’25.