Product
March 15, 2013
Written by John Packard
The U.S. Department of Commerce released ferrous scrap export data a little earlier this week. Total exports of scrap in January 2013 were 1,532,498 metric tons (1,689,288 net tons) to all countries. This is a little less than December shipments but above the January 2012 total.
Below is a chart of the top 10 countries where U.S. ferrous scrap was shipped during the month of January.
Some domestic hot-rolled (HR) coil market participants say they expect prices remain stable through the end of 2026. Asked why prices would hold and not slip, sources said they anticipate mills won’t suddenly have much more capacity for spot orders. They also noted that the annual summer doldrums haven’t sent demand into a precipitous decline. They contend that most in the steel industry expected […]
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Barry Zekelman, executive chairman and CEO of Zekelman Industries, will be the featured guest on our next Community Chat on Wednesday, July 15, at 11 am ET.
SMU’s Steel Buyers’ Sentiment Indices were once again strongly optimistic this week, based on responses collected from steel executives in our latest market survey.