CRU
October 7, 2021
Written by Erik Hedborg
By CRU Principal Analyst Erik Hedborg, from CRU’s Steelmaking Raw Materials Monitor
Iron ore prices have increased in the past week on post-holiday optimism that a real estate collapse can be avoided and the fact that steel production is increasing after the Chinese holiday. CRU has assessed the iron ore price at $132.0 /dmt, up by $16.5 /dmt in the past week.
CME Group’s HR coil futures have had a volatile stretch over the past few weeks.
Americas wire and cable demand held firm through H1 2026, as data center and energy infrastructure buildouts, driven by wider electrification and power supply investments, more than offset weakness in traditional construction sectors such as residential
For the next month, CRU forecasts that steelmaking raw materials demand will improve as buyers will restock ahead of seasonally stronger steel-demand periods.
CRU: Global finished steel prices have diverged in August, with longs softening while sheet and plate firmed in most regions. Weak construction demand persisted across most longs markets, with the US the notable exception. Higher sheet prices were driven by tightening supply in the US and reduced import attractiveness in Europe, even as APAC sheet prices declined. Plate prices were mostly firmer across APAC, stable to down in Europe, and continued climbing in the US.
Global recycler Sims' profits increase in fiscal year that ended in June.