Product
July 6, 2020
Written by Tim Triplett
Steel Market Update’s next Community Chat webinar on Wednesday, July 8, will feature CRU Senior Analyst Ryan McKinley, who will offer an update on the global ferrous scrap market and answer metallics-related questions from listeners.
This webinar begins at 11 a.m. ET and is free to anyone in the industry. Click here to register.
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The price of pig iron looks to strengthen as producing nations cite rising ferrous scrap values.
The US and Canadian rig counts both fell this week, according to the latest Baker Hughes data released on Friday, Dec. 19.
SMU’s Mill Order Index (MOI) declined in November after surging the month prior. The fall came as service center intake levels sharply declined, supported by a cut in shipments, according to our latest service center inventories data.
US Midwest sheet prices continued to rise alongside continued mill prices increases as lead times remained extended.
The price gap between stateside hot band and landed offshore product continues to narrow, inching closer toward parity. The premium is now, on average, at its lowest level since July.