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Preliminary March imports rose 1.4% to 2.48 million tons (mt) from 2.44 mt in February as…
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Posts Tagged: ‘steel pricing’
Gerdau (GGB) Surprises with Leading Rebar Price Increase; Stronger Spring Construction Demand Driving Potential Pick-up
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In a surprise move, Gerdau North America is leading with a $10/ton price increase for rebar effective April 15, despite the $22/ton drop in April scrap prices, according to AMM…more
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April Scrap Prices Reverse Course Falling 5%
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According to just-published data from American Metal Market (AMM), April prime and obsolete scrap prices fell 5.0% and 5.3%. The main drivers of declines were…more
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Advance/Decliner Index Unchanged at Two-Year High, US Sheet Prices Slip but China Rising
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Our Advance/Decliner Index remained at the highest level since January 2011 in another holiday-shortened week. Our China Index remained… more.
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Advance/Decliner Index Jumps to Nine-Month High
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Our Advance/Decliner Index jumped to the highest level since March due to further producer price hikes in the US and Chinese markets. Our China Index jumped to a …more
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Iron Ore Price Hits Five Month High
The spot reference price for 62% Fe iron ore cfr North China Increased 4.7% to $121.00 for the week ending December 7, 2012 and has continued to climb this week, reaching a five month high of $126.40 on December 13. The price is now some 45.8% higher than the recent low of $86.70 on 9/5/2012.
The spot price for iron ore averaged $141.84 in 1Q, $139.35 in 2Q, and $112.12 in 3Q; this compares to an average of $167.59 for full-year 2011.
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
AK Steel Raises Sheet Prices $30 Following Nucor’s Hike
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AK Steel announced a $30/ton sheet price increase today on the heels of Nucor’s leading $20/ton hike yesterday. The higher price is most probably reflective of a surge in orders …more
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Flat December Scrap Prices Stronger-than-Expected; Nucor Hikes Sheet $20/ton
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According to just-published data from American Metal Market (AMM), November prices for #1 busheling (prime) settled flat at $390/ton, while shredded fell a nominal $1/ton …more
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Advance/Decliner Index Sideways; Flattening of Domestic Sheet Prices Temporary Pause
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After posting four consecutive increases, our Advance/Decliner Index declined from an eight-month high, but remained at elevated levels. The drop was driven by our …more
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Advance/Decliner Index Rises Further on Broad-Based Strength
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Our Advance/Decliner Index rose to an eight-month high as global steel prices trended higher on the back of rising scrap prices and continued strength in China. Our …more
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