The special interest of the world’s largest steelmaker ArcelorMittal in Turkish integrated steel producer Erdemir is no secret.
Should the US steel industry be concerned with the effect global demand for US-produced scrap has on domestic scrap prices? As the world becomes exponentially connected with each passing year, many long-standing industries have not transitioned into the global marketplace as easily as others.
TURKEY Turkish steel mills started 2011 on a hesitant note, retreating from the scrap market before entirely satisfying their scrap needs.
Change is inevitable. In a society where the latest gadget becomes outdated nearly the instant you swipe your credit card, if a product or company isn’t changing and adapting, it will fall behind while its competitors thrive. Corporations and countries are constantly fighting to become the “next big thing” and become more self-sufficient.
US domestic flats market loses steam in late January Flat rolled steel demand in December of last year was surprisingly strong across the board—demand at the mill, service center, trading and end-use levels allowed for US domestic flat rolled mills to push for their announced price increases throughout the final weeks of 2011.
US rebar mills hold steady in the face of surging January imports Although it took quite a long time for US domestic rebar prices to catch up to the announced increase for January shipments, US mills nevertheless increased transaction prices again for February once January scrap prices posted an increase.
US domestic scrap prices retreat in February After increasing substantially in early December, scrap dealers expected prices to surge again the following month and therefore held inventories back. But when US domestic mills came into the market in early January, it was evident that scrap dealers may have held back too much inventory and availability—particularly […]
A glimpse of which 2012 North American steel industry developments will have the greatest impact in the market.