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 […] ↓ Read the rest of this entry…
US H1 scrap prices remains steady On July 21, the average price of H1 scrap in Pittsburgh, Chicago, and Philadelphia was at US$523.16/long ton. Price of No.2 bundle scrap was at US$479.50/long ton.. Among them, the average price of H1 in Pittsburgh was at US$524.50/long ton; in Chicago was at 514.50/long ton; in Philadelphia was […] ↓ Read the rest of this entry…
Japanese H2 scrap average prices reach record high During the second week of July, Japanese H2 scrap average price reached a record high of ï¿¥68,113/ton in the Kanto region, middle part, and Kansai region, increased by ï¿¥888/ton than last week. Among them,H2 scrap price was ï¿¥69,333/ton in the Kanto region, up by ï¿¥166/ton than last […] ↓ Read the rest of this entry…
Why global Metal markets are falling By Jon Nadler Metals markets were largely calm during the overnight hours but gold continued to be exhibiting continuing dollar-strength related moderation and was not able to get above the $965 area by much (lows came near $954). The greenback added a few more ticks in value, rising to […] ↓ Read the rest of this entry…
Japan’s scrap increasing rate to slow down The pace of new production scrap price rises in Japan seems to slow down. Hyundai Steel has decreased its purchasing prices by ï¿¥500-1,000/ton for Japanese scrap, at FOB ï¿¥78,000-78,500/ton. The price was as high of ï¿¥78,500-79,000/ton before. Hyundai Steel has bought some 400,000 tons of scrap from America […] ↓ Read the rest of this entry…
spot market scrap prices (ltl, tl) below: Old Mixed Aluminium 0.38 0.51 lbs CND Old Yellow Brass 1.14 1.90 lbs CND No.2 Scrap Copper 2.88 3.03 lbs CND Mixed Lead 0.41 0.68 lbs CND Nickel Scrap 6.52 8.69 lbs CND No.2 Steel 331.07 413.83 ton CND Stainless Scrap 0.74 0.99 lbs CND Old Mixed Zinc […] ↓ Read the rest of this entry…
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