Steel Products
Final Thoughts
Written by John Packard
August 22, 2013
We have been receiving a number of calls and emails regarding our Steel Summit Conference. Seems like we are disappointing a large number of people by not producing the conference this year. We will make up for it next year.
Early indications for September is for shredded scrap to drift another $10 per gross ton lower. Prime grades continue to be quite strong shipping to the mills as soon as the hit the scrap yards. Prime grades (such as busheling) should move sideways to slightly higher.
I want to welcome our newest members as well as those who have just signed up for a trial of our newsletter. We welcome questions, comments and suggestions. You can send them directly to me at: John@SteelMarketUpdate.com.
I also host a LinkedIn Group which is called Steel Market Update. You are welcome to go onto LinkedIn and sign up for our group.
As always your business is truly appreciated by all of us here at Steel Market Update.
John Packard
Read more from John PackardLatest in Steel Products
CRU: Excessive global supply could hit rebar mill investments in US
Following the onset of the war in Ukraine in March 2022, concerns about import availability and expectations of rising demand from President Biden’s Infrastructure Bill pushed US rebar prices to record highs. In response, a flurry of new mills and capacity expansions were announced to meet the rise in demand from growth in the construction […]
Steel buyer spirits tempered by soft spot market conditions
Steel sheet buyers report feeling bogged down by the ongoing stresses of stagnant demand, news fatigue, tariff negotiations or implementation timelines, and persistent macroeconomic uncertainty.
CRU: US stainless prices to rise on expanded S232 tariffs
Stainless prices in the US market will rise, following price increases by major US producers. Our base case scenario incorporates higher US prices in the near term, despite the initial negative reaction by the market. US stainless prices will go up in 2025 H2 and will stay elevated in 2026 as tariffs on stainless […]
Galvanized steel demand unsteady amid lingering buyer fatigue: HARDI
Uneven demand for galvanized steel in June reflects a market that remains mired in uncertainty, according to industry sources.
OCTG industry salutes Customs for catching trade crooks
The US OCTG Manufacturers Association is commending US Customs for intercepting another Thai company's attempt to illegally transship Chinese oil pipe to the US.