CRU: Turkish scrap import prices were stable as scrap import activity slowed
Turkish scrap import prices were stable last week. CRU’s assessment for HMS1/2 80:20 and shredded was unchanged at $384 per metric ton (mt) CFR and $408/mt, respectively.
Tag: No. 1. Heavy Melt Scrap
Miller on scrap: March market recap
The ferrous scrap market experienced a sharp decline for March shipments. Prime scrap fell $60-70 per gross ton (gt) while shredded and other obsolete grades declined $40-50/gt. It seems these prices were accepted in the trade by dealers across the continent.
Ferrous scrap prices tumble in March
US ferrous scrap prices fell steeply in March for HMS, shredded, and prime scrap, sources told SMU.
March ferrous scrap market: Trends and turmoil
As I see it, the market looked to be a perfect storm for consumers this month while two large steel mills tried to put a floor on hot-rolled coil (HRC). One source speculated that “flat rolled mills coordinated their downtime and will take out 250,000 tons of capacity in April,” which made them attempt to put a bottom on flat-rolled product.
Hoffman on scrap: The March outlook
The news in the West was that a mill in the Rocky Mountain region made a significant reduction in their usual purchase program, while still another small mill in the region also apparently reduced their buying program for February.
Miller on scrap: Ferrous raw materials markets trending down for March
The March outlook for most ferrous products is trending down faster than most participants thought as recently as a week ago.
Miller on scrap: Mid-month dealer sentiment focus on uncertainty
The Mid-American ISRI Chapter held its annual meeting in St. Louis this month. Over the years, this event has become a “must attend” for the scrap community nationwide.
Miller on scrap: US East Coast boosted by Turkey
The scrap export market has demonstrated resiliency so far this year from the US East Coast. This strength has mainly come from the Turkish market. Despite weakening orders for rebar in their domestic market, imported scrap prices have held up until the last several days. The US West Coast is not as active, but there are orders in South Asia and in South America that are keeping things afloat.
Prime scrap tags fall in February, HMS and shredded mostly flat
US busheling scrap prices fell this month, while HMS and shredded grades remained largely unchanged.
January scrap prices slip less than initial offers
Domestic scrap prices ended up down slightly after a roller coaster of trading in January, scrap sources told SMU.
Domestic scrap tags soar in December
US scrap prices shot up in December and are expected to continue their rise in January, market sources told SMU.
Domestic scrap tags seen increasing in December
US scrap prices are expected to rise in December, industry sources told SMU.
Ferrous Scrap: Republic Steel Closing - End of an Era
The announcement that Republic Steel in Canton, Ohio, is going to permanently cease operations disappointed many scrap suppliers in Ohio and Pennsylvania.
CRU: Resumption of Trade Leads to Higher Turkish Scrap Import Prices
Turkish scrap import prices rose due to conclusion of several deals towards the end of last week as key buyers and sellers re-entered the market.
CRU: Turkish Scrap Prices Stabilize Due to Limited Buying Activity
Turkish scrap import prices have remained relatively stable over the past two weeks due to slow trade activity. This was partly due to the holiday on August 30. CRU’s latest price assessment for HMS1/2 80:20 is $368 /metric ton CFR, up $1 /metric ton week-over-week (WoW) and up $21 /metric ton month-over-month (MoM). The holiday […]
US Busheling, Shred Tags Level Off in August, HMS Up
The US scrap market showed some stability in August, with prices mostly sideways on busheling and shredded grades, and HMS prices ticking up from the previous month, sources said.
Domestic Scrap Tags Could Rebound in August: Sources
August could see US scrap prices stabilizing, or even rising, depending on the grade or region, scrap sources told SMU.