Product
March 8, 2013
Scrap, Iron Ore & Billets Futures Update
Written by Bradley Clark
Written by: Bradley Clark, Director of Steel Trading, Kataman Metals
U.S. Midwest #1 Busheling Ferrous Scrap (AMM) Firm on Weather Concerns
Product
March 8, 2013
Written by Bradley Clark
Written by: Bradley Clark, Director of Steel Trading, Kataman Metals
U.S. Midwest #1 Busheling Ferrous Scrap (AMM) Firm on Weather Concerns
Sheet and plate prices continued to inch higher on a combination of scarce spot tons, long lead times, lean inventories, and stable demand.
Canton, Ohio-based specialty metals manufacturer Metallus has been awarded a contract valued at up to $995 million by the US Defense Logistics Agency (DLA), part of the Department of War.
U.S. Steel is investing $28.3 million in its Great Lakes Works in Michigan, with upgrades planned for its pickle line during a 30-day outage starting in October.
The result comes after Mexico’s Ministry of Economy completed a five-year sunset review of the anti-dumping duty (AD) order on imports of hot-rolled (HR) sheet from Russia and Ukraine.
There has been sustained export activity from the US on both the East and West Coasts. Prices have continued to rise, influenced by several factors, including elevated freight costs and firming markets in exporting countries.