Market Data
June 5, 2014
Written by Brett Linton
Steel inputs were steady to down during the month of May. Scrap prices declined $18 to $3 per ton while iron ore prices were down $20.60 to $13.60 per ton. Zinc and Aluminum prices showed a slight increased of $0.0105 to $0.0074 per pound.
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 […]
The latest data from Baker Hughes show that oil and gas drilling in the US was steady last week, while it tapered off further in Canada.
Total shipments of heating and cooling equipment improved 3% from April to May, according to recently released figures from AHRI.
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.
Cold-rolled (CR) coil prices were unchanged in the US this week, while offshore prices varied, though mostly trended up.