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: ‘scrap’
June Steel Imports Drop to Four-Month Low; Impact from OCTG Trade Case Could Be Felt Soon
New Report Preview:
June steel import licenses declined 10.1% to 2.33 million tonnes (mt) from May’s 2.59 mt driven by declines for…
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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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May Imports Rise to 11-Month High; Hot-Rolled Sheet Lowest Since February 2011
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Preliminary May imports rose 4.6% from 2.68 million tons(mt) in April to 2.8 mt, the highest level since last June. The increase was primarily driven by…
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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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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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June Scrap Prices Hold Up Better than Expected
New Report Preview:
According to published data from American Metal Market (AMM), June prime and shredded scrap prices diverged due to…
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