New Report Preview:
According to just-published data from American Metal Market, July prime scrap rose $30/ton (+7.9%) to $410 and shredded gained $16/ton (+4.4%) to $376/ton. The relative…
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Posts Tagged: ‘iron ore prices’
Nucor Holds Long Prices Flat Ahead of Scrap Settlement; Another Nail in the Surcharge Coffin
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In a leading move, Nucor announced July bar pricing – the company is keeping rebar and merchant bar prices unchanged for July shipments, despite shredded scrap prices…
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Advance/Decliner Index Rising but Still Weak; Chinese Pricing Declines
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Our Advance/Decliner Index rose for the fourth straight week. The increase was driven by our Ex-China Index rising to a 15-week high, while our China Index…
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Advance/Decliner Index Continues Up; China Index at Four-Month High
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Our Advance/Decliner Index rose for the third straight week to the highest level in three months. The increase was driven by our China Index which rose to a four-month high…
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Advance/Decliner Index Continues Nominally Higher, but Well Below Key 50 Level
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Our Advance/Decliner Index rose to a three-month high, but remained at low levels. The uptick was driven by strengthening domestic sheet prices and less weakness in the…
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AK Steel Leads with Second Sheet Hike
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AK Steel announced a leading $40/ton sheet hike this afternoon, the second increase in three weeks. We suspect AK’s move is…
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Second Sheet Price Increase Increasingly Likely
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We suspect we’ll see a second price increase announced, with about half of the original $50/ton May 22 sheet price hike sticking at the three-week mark. This is the first time…
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Advance/Decliner Index Remains Weak
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Our Advance/Decliner Index rose to a seven-week high as domestic sheet prices continued to climb and Chinese prices strengthened on the back of…
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YTD May Chinese Steel Exports Up Whopping 22%; Bao Cuts Prices
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May Chinese net steel exports declined 3.3% to 4.11 million tonnes (mt) from April’s post-recession high of 4.25 mt as gross steel exports…
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Iron Ore Price Posts Nominal Pick-up
The spot reference price for 62% Fe iron ore cfr North China rose 0.5% to $110.90 for the week ending June 7, 2013 but remained near an eight-month low and is some 30.2% below the recent peak of $158.90 on February 20, 2013.
The spot price for iron ore averaged $139.35 in 2Q12, $112.12 in 3Q12, $120.57 in 4Q12, and $148.16 in 1Q13; the full-year 2012 average was $128.30.
The post-recession low was $59.10 on March 27, 2009, while the high was $190.19 on February 17, 2011.
Source: The Steel Index
