October 31, 2011 US dollar denominated ferrous scrap selling prices declined in October as the global steel market turned downwards. The uncertain economic climate has created doubt in the minds of steel buyers about the short term prospects for the industry. Very few are prepared to build inventories. Mill order books are weakening. This has […] ↓ Read the rest of this entry…
October 27, 2011 US dollar denominated ferrous scrap selling prices declined in October as the global steel market turned downwards. The uncertain economic climate has created doubt in the minds of steel buyers about the short term prospects for the industry. Very few are prepared to build inventories. Mill order books are weakening. This has […] ↓ Read the rest of this entry…
October 26, 2011 European mills are experiencing low levels of order entry and, consequently, some production cuts have been announced. Nevertheless, this year’s outturn of hot rolled coil could be up 3.8 percent on the 2010 figure. MEPS’ prediction for Japanese output in 2011 remains at below the 17 million tonne mark. This equates to […] ↓ Read the rest of this entry…
October 6, 2011 After a weak summer period, US producers, determined to offset their high input costs, announced two transaction price hikes during the month of August. They have been talking of further rises to come but only a small amount of business is being conducted at these higher levels. Delivery lead times are still […] ↓ Read the rest of this entry…
September 29, 2011 In China, provincial quotations increased in weeks 36 and 37. The price growth has been primarily attributed to inventory building prior to October’s week long national holiday. Domestic traders are predicting a stable price scenario next month. The billet and finished steel markets showed weakness in late September. However, this downward pressure […] ↓ Read the rest of this entry…
September 1, 2011 A slight pick-up in stainless steel demand is expected to develop after the summer holiday period, particularly if the downward movement in raw material costs comes to a halt. Nevertheless, global economic uncertainty is likely to engender a cautious approach to purchasing by many stainless steel customers over the next few months. […] ↓ Read the rest of this entry…
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