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    Prices

    September 19, 2013

    Iron Ore & Scrap Futures

    Written by Bradley Clark

    TSI Iron Ore: Prices Wobble in Signs Market is Cooling…

    Iron ore prices have softened over the past couple of weeks, but are still holding the recent range above $130 per ton.  Mixed news out of China regarding steel demand has cooled off buying for the time being as the market has failed to break through the recent ceiling on prices. The forward curve remains significantly backwardated with Q4 trading at $128, Q1 126 and cal 14 at $117, indicating that general market sentiment is that the question is when rather than if prices will  retreat. 

    Bradley Clark

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    Leibowitz: US steel prices skyrocket above world prices. Which are right?

    Steel markets in the United States now feature supply shortages. Spot tons are well-nigh unavailable, and even contract tons are scarce. Based on the available statistics, the US market for flat-rolled products is seriously constrained. The US economy is still the strongest in the world, and manufacturing output remains vigorous. But the available supply is tight. The reason is fairly obvious. US domestic supply has increased a bit. Meanwhile, imports have fallen significantly.