Steel Market Update read an article from Reuters on Monday that referenced a CISA official who was quoted as saying that the Chinese steel mills will export less steel in 2015 than what they will end up exporting this calendar year. We asked one of our main trading sources in Asia, who trades iron ore […]
Below is an article on the Asian scrap markets from one of our contributing writers, Damon Sun of Daido International. The last few weeks were chaotic in the markets. Most Asian countries look to Taiwan for indications on market directions and a base for pricing. With the rapid decrease in prices in iron ore (abt […]
The following is a “hypothetical” calculation of the spread between world hot rolled export prices and domestic (USA & Canada) hot rolled prices. Actual HRC price spreads can vary based on freight costs, trader margins and other factors. SMU compares the world export price with adders for freight, handling, trader margin, etc., against the spot […]
The following is a “hypothetical” calculation of the spread between world hot rolled export prices and domestic (USA & Canada) hot rolled prices. Actual HRC price spreads can vary based on freight costs, trader margins and other factors. SMU compares the world export price with adders for freight, handling, trader margin, etc., against the spot […]
On Monday Steel Market Update received information from one of our trading sources in Asia regarding the iron ore situation and price offers for export on rebars (debars), hot rolled (Europe) and plate (Europe). Ore Port Stocks at 110.95 Million MTS on Friday and an increase of 320,000mts week on week. Many large State Owned […]
The following is a “hypothetical” calculation of the spread between world hot rolled export prices and domestic (USA & Canada) hot rolled prices. Actual HRC price spreads can vary based on freight costs, trader margins and other factors. SMU compares the world export price with adders for freight, handling, trader margin, etc., against the spot […]
The following is a “hypothetical” calculation of the spread between world hot rolled export prices and domestic (USA & Canada) hot rolled prices. Actual HRC price spreads can vary based on freight costs, trader margins and other factors. SMU compares the world export price with adders for freight, handling, trader margin, etc. against the spot […]
SMU’s latest ferrous scrap report from Damon Sun of Daido International shows heavy melt scrap holding firm at $350/mt. Scrap imports from the US to Taiwan appear to be on hold. He reports recently selling 5000mt at $343/mt CFR Taichung. Kaoshiung was buying late last week at $348/mt but then stopped buying. Scrap from Thailand […]
The following is a “hypothetical” calculation of the spread between world hot rolled export prices and domestic (USA & Canada) hot rolled pricing. Actual HRC price spreads can vary based on freight costs, trader margins and other factors. SMU compares the world export price with an adder for freight, handling, trader margin, etc. against the […]
The world export price for hot rolled bands was at $506 per net ton ($558 per metric ton) according to data released by SteelBenchmarker this past week. The world hot rolled export price is up $2 per ton compared to the report produced in late-June.With an estimated $70 per ton added in order to get […]
Just as the steel industry took a breath of relief at the OCTG decision, the World Trade Organization announced that the United States was unfairly imposing countervailing duties on steel exports from China and India. According to the July 14, WTO decision, the United States acted inconsistently with articles 1, 2, 10, 11 and 32.1 […]
The following steel pricing information is from one of our trading sources located in Asia. Steel Market Update requested price status for new offers on flat rolled steel and other products and this is what we received earlier today: For what it is worth.. Hot rolled coil (HRC) 2.00mm (20% max.) of any order in […]
Earlier this week SteelBenchmarker reported their latest world export price for hot rolled steel at $501 per net ton ($552 per metric ton), unchanged from their price two weeks ago. With an estimated $70 per ton in freight, handling and trader margin added, that puts the world price at approximately $571 per ton CIF USA […]
In late May SteelBenchmarker reported their world export price for hot rolled steel at $501 per net ton ($552 per metric ton), unchanged from their price earlier in the month. With an estimated $70 per ton in freight, handling and trader margin added, that puts the world HRC price at approximately $571 per ton CIF […]
SteelBenchmarker released regional pricing earlier this week, putting the world export hot rolled price at $501 per net ton ($552 per metric ton). The spread between the SMU HR price and the world HR price went from $173 per ton two weeks ago to $184 as of Monday. With an estimated $70 per ton in […]
The spread (variance) between World export prices for hot rolled coil compared to the average for hot rolled coil prices east of the Mississippi based on the Steel Market Update HRC index is shrinking. World export hot rolled coil (HRC) price is currently $505 per net ton FOB the port of export. When freight, loading […]
Steel Market Update (SMU) received an email from one of our readers regarding his concerns as the iron ore spot prices drop in China and ore inventories rise. The writer’s belief is that United States flat rolled steel prices will be impacted eventually. This service center executive wondered what our Asian iron ore and steel […]
Steel Market Update has been in constant contact with one of our Asian trading sources who is a trader of iron ore to Chinese steel mills and exporter of finished steel out of China around the world. We have been discussing the iron ore “bubble” which continues to inflate and our source believes it will […]
Steel Market Update (SMU) received an email from one of our readers regarding his concerns as the iron ore spot prices drop in China and ore inventories rise. The writers belief is that United States flat rolled steel prices will be impacted eventually. This service center executive wondered what our Asian iron ore and steel […]
Market sentiment in Asia is contrary to the United States. Finished steel sales have been very lackluster and slow. Main causes: • Exchange rates: US$ has been stronger recently, approximately 1.3-1.5% against most Asian currencies. This affect on exchange rates also is affecting Turkish buyers. On a currency exchange difference from 3 weeks ago, it […]
We communicated with one of our main Asian contacts over the past few days. We wanted to know what they have been seeing regarding new carbon sheet price offers out of China for their European customers (this source does not ship steel to the USA). We also wanted to learn more about iron ore prices […]
One of the questions we hear on a continuous basis is, how much foreign flat rolled steel import is really coming and what impact will it have on domestic steel prices (and when)? Steel Market Update conducted our most recent analysis of the flat rolled steel market over this past week. Based on the responses […]
Global steel prices may have finally bottomed out, said Severstal CFO Alexey Kulichenko. Severstal sees a slow recovery in store for 2014 with steel prices similar to those in 2013. “We don’t really believe there is more room for going down, so we think on average maybe we have reached the bottom,” said Kulichenko said […]
In the last issue of SMU, the Final Thoughts article had information from the financial community with a Bloomberg graphic pointing out the difference between U.S. benchmark hot rolled coil prices and those from the rest of the world. The premise being the $190 spread recognized by the financial community was unsustainable. The net result […]
Steel Market Update (SMU) has been doing some quick channel checks to see what offers are available out there for foreign steel. Our steel market survey, which we began on Monday morning of this week, has been suggesting a higher level of interest in foreign steel due to the higher domestic prices and the spread […]