Steel Products
Input Costs Affecting Pricing: Iron Ore, Scrap, Zinc, Aluminum
Written by John Packard
August 13, 2013
The domestic steel mills paid more for their scrap during the month of July than the month prior. The higher scrap inputs were one reason behind the domestic mills announcing more price increases as the month progressed.
Spot iron ore (China) pricing rose during the month of July and ended the month with 62% Fe fines at $129.9/dmt up $13.4 for the month.
Zinc and Aluminum prices, which impact coated steel products, had minimal movement during the month of July and should not impact prices as we move into August.
.png)
John Packard
Read more from John PackardLatest in Steel Products
FGM-Pacesetter expands into Houston with NSPS Metals deal
Flack Global Metals (FGM) announced Thursday that it would expand into Texas by assuming the Houston operations of NSPS Metals.
Ryerson reports net loss in Q3 as weak demand offsets tariff price support
President and CEO Eddie Lehner said Ryerson has faced market headwinds in the third quarter.
HARDI: Galv demand improves in October, higher prices expected in new year
Participants on this month’s Heating Air-Conditioning & Refrigeration Distributors International (HARDI) Sheet Metal/Air Handling Council call expect galvanized steel base prices to firm up in the first quarter of 2026.
Global steel production falls to near two-year low in September
World crude steel output declined for the fourth-consecutive month in September, slipping 3% from August to an estimated 141.8 million metric tons (mt), according to the latest figures from the World Steel Association (worldsteel).
Market sources say regional activity is dictating plate demand
Demand for plate on the spot market remains soft by comparison to years past. However, this week regional demand variations grew more pronounced.