Final Thoughts
Final Thoughts
Written by John Packard
January 17, 2014
I will be in my office on Monday, Thursday and Friday of this week. I will be traveling to New York City for the AHR Expo on Tuesday and Wednesday. If you are attending the AHR Expo and would like to seek me out you can do so by email: John@SteelMarketUpdate.com or by phone (or text) at 770-596-6268.
Early indications from discussions held with members of the scrap community are the ferrous scrap prices are slipping and will be down $20 to $40 per ton compared to the beginning of January numbers by early February or the latest early March 2014. We are hearing reports of scrap already being bought down $20-$25 in the Birmingham area and there is scrap coming in from Canada as well as scrap originally destined for export is flooding into the domestic markets.
It is important that sheet buyers be aware of the developments in the scrap markets and watch prices carefully over the next month or longer.
As always we thank you for your business which is truly appreciated by all of us here at Steel Market Update.
John Packard, Publisher
John Packard
Read more from John PackardLatest in Final Thoughts
Final Thoughts
SMU’s hot-rolled coil price increased for a third consecutive week. And the gains were more pronounced this time following a price hike initiated on Friday by NLMK USA.
Final Thoughts
SMU digs into the vault to look back at an old survey, and to tell what exciting things are still to come.
Final Thoughts
Below are some other issues that should be on your radar. Because while prices have been steady, a lot is going on when it comes to news that could impact them.
Final Thoughts: Survey says edition
It's can-kicking at its finest. And it’s been drawn out! Some are getting so good at it, they’re kicking cans and taking names.
Final Thoughts
We just wrapped up another Steel 101 workshop, easily the most hands-on industry workshop on steelmaking and market fundamentals.