Miller on Scrap: Does quiet August signal soft September?
August has been quiet thus far, with scrap suppliers working on completing their current orders as signals of a weaker September start to appear.
Tag: HMS
SMU scrap prices stagnant in August
SMU’s scrap prices remained largely flat to down in August as demand remains steady.
Ferrous scrap market chatter this month
A sampling of responses and slides from our most recent ferrous scrap market survey.
That's a wrap! A look back at the August scrap settlement
After a brief delay in regional scrap buying, things are now virtually complete. There was some suspense during the middle of the week that a surprise in scrap prices from the larger mills was in store. Ultimately, however, nothing very dramatic happened.
Scrap market participants predict early settle at sideways or lower numbers
The August domestic scrap market looks like it might settle early amid continued strong demand for melting stock from domestic steelmakers and high prices for finished steel.
SMU's scrap tags settle soft sideways in July
SMU’s scrap prices came in soft sideways in July, according to market sources.
US scrap tags end up soft sideways in July
The US scrap market has settled soft sideways in July, sources told SMU.
US scrap tags settling mostly soft sideways in July
The scrap market for July is partially settled except for the three largest scrap buyers in the country.
SMU's June scrap prices land flat
Ferrous scrap prices for June came in sideways, scrap sources told SMU.
June ferrous scrap outlook looks sideways to negative
Current scrap market sentiment is again divided as we enter the summer month of June.
Ferrous scrap mart poised for sideways move in June?
SMU spoke with several market players around the country regarding the ferrous scrap market in June, with many sources seeing next month as broadly sideways.
SMU scrap tags land sideways in May, slightly up on busheling
US scrap prices were mostly flat in May, with some upside on prime scrap, sources told SMU.
May scrap mart limps towards settle, prime tags mixed
The May scrap market took much longer to settle than most players anticipated, but the results are mostly in.
Scrap export market firms, May domestic settlement still in flux
The export market on the North American East Coast has been firming after seeing a sale that climbed to $415.50 per metric ton (mt) CFR for HMS 85/15.
May scrap looks bright amid tight market conditions
There are several factors buttressing the ferrous scrap market against it seasonal fall in the spring months. We all know about the Iran War and the rise in fuel costs. Other factors include strong steelmaking activity, rising steel prices, lighter inbound scrap flows, and firm export markets.
SMU April scrap tags flat on prime, down $20 on shredded and HMS
US scrap prices came in flat on busheling in April, while shredded and HMS both traded down, sources told SMU.
April scrap market settles with shredded, obsolete down $10-20/gt and prime sideways
The US scrap market has largely settled at prices most predicted in late March. The prevailing view then: shredded and other obsolete grades, like HMS, would drop $10-20 per gross ton (gt) despite higher transportation costs. And prime grades, like #1 busheling and bundles, would trade sideways thanks to better demand and static supply. This is essentially what has happened.
US scrap tags land sideways in March, outlook for April soft
The US scrap market softened in March as most grades traded sideways, with prices seen falling next month, sources told SMU.
US scrap prices increase in February, sources say
US ferrous scrap prices continued to rise in February, scrap sources told SMU.
US scrap prices rise in February after January weather
US ferrous scrap prices rise in February.
US ferrous scrap prices rise across board in January
Ferrous scrap prices jumped on all the products SMU tracks in January, scrap sources said.
US scrap tags increase in December
US ferrous scrap prices have picked up in December, sources told SMU.
November scrap tags settle sideways, sources say
November ferrous scrap prices landed even with October as the market settled, sources told SMU.
October scrap market settles with bush down $20, shred down $10
Most mills sought a drop of $20-40 per gross ton (gt) in busheling prices and a $20/gt dip for shredded and HMS. Despite efforts to buy cheaper, the busheling price settled at down only $20/gt.
SMU Scrap Survey: Current and Future Sentiment tick down
SMU’s Current Sentiment Index for scrap decreased this month, a move mirrored by our Future Sentiment Index, according to the latest data from our ferrous scrap survey.
Prime scrap prices slip for September, other grades sideways
US busheling scrap prices have declined this month, while shredded and HMS tags have remained unchanged, according to market sources.
September scrap buying underway, busheling down
The scrap market in the US for September shipment has started to settle, with busheling seen down so far.
US scrap prices land flat in August
The scrap market traded sideways again in August with little change expected in September, according to sources.
US scrap tags sideways, but will tariffs on Brazil lift prices in August?
Ferrous scrap prices are flat in the US for a second consecutive month, but tariffs on imports of Brazilian pig iron could change the game in August.
HR Futures: Financial players bullish on price, physical market participants not
We can interpret that managed money still has expectations of price strength while physical participants are running closer to a balance on a net basis.