Scrap Metal Prices and Scrap Metal Auctions

HOT ROLLED COIL
US transaction values continued to rise in the third quarter 2009 as delivery lead times extended. Although raw steel output was climbing steadily as blast furnaces were relit, the economy remained depressed, leading to a persistently low level of steel consumption. Selling figures leveled off in the final trimester. A flurry of mill [...]

Filed under: MEPS, Steel Prices, Steel Scrap Metal Prices | Comments Off

In the Russian Federation, domestic metallurgical plants have continued to operate at reduced capacity. Shipments to the construction and heavy manufacturing sectors have remained sluggish. However, recent sales volumes to the automotive and gas industries have been encouraging. Earlier this year, light vehicle manufacturers and gas pipe fabricators received financial support from the government. Trader [...]

Filed under: MEPS | Comments Off

Consumption of hot rolled coil has remained weak in Northern Europe during the past 12 months. However, state-backed infrastructure projects have stimulated demand and certain items have been in short supply due to a lack of pickling capacity at some of the leading mills. Sales volumes for hot rolled plate have been subdued, although Swedish [...]

Filed under: MEPS | Comments Off

The MEPS – North American All Products Average transaction price expanded by $US40 per tonne in February. Rises were noted in both flat and long categories this month on the back of escalating raw material costs. Adverse weather conditions put pressure on the supply of steel from some US producers. Buyers were wary of refilling [...]

Filed under: MEPS | No Comments »

US transaction values continue to fall, although the descent is less startling than of late. Some market players feel that even though demand is still far from robust, the bottom may have been reached and prices will settle at this lower level. Mill outages should start to create tighter supply. Moreover, service centre inventories are [...]

Filed under: MEPS | No Comments »

ASIAN AVERAGE CARBON STEEL PRICES – LATEST FORECASTS FROM MEPS
In the flat products category, our July forecasts are little changed from the previous month. Transaction values are expected to continue climbing from September onwards. An increase in the price of oil products, electricity and railway freight costs in China are likely to put upward [...]

Filed under: MEPS | No Comments »

The EU flat products’ market continues to be characterised by supply tightness and rising prices in a climate of relatively flat demand. The availability of competitively priced steel from third countries remains at a low level. Meanwhile, ArcelorMittal announced a further increase on strip mill products of around €50 per tonne for new bookings for [...]

Filed under: MEPS, Steel Prices, Steel Scrap Metal Prices, metal market prices | No Comments »

THE MEPS WORLD ALL PRODUCTS STEEL PRICE RISES 7 PERCENT IN JUNE
US transaction prices continue to spiral upwards, although recent increases are more moderate. Nucor has announced a relatively small rise of $US30 per ton for August deliveries. Service centres are keeping inventories at minimum levels as their sales activity is slow. End-users, who are [...]

Filed under: MEPS, Steel Prices, metal market prices | No Comments »