Tag Archives: scrap bookings
The purchasing managers’ index (PMI) for China’s manufacturing sector was at 50.2 percent in May of the current year, up slightly by 0.1 percentage point compared to April, as announced by China’s National Bureau of Statistics (NBS) on June 1. In the given month, the production index for China’s manufacturing sector was up 0.3 percentage […]
It’s been a relatively quiet week within the US export scrap market, as many sellers have taken time off to celebrate the year-end holiday season. Export yards, however, have expressed confidence that transaction pricing to Turkey will firm after the first of the year. Although Turkish mills did not expect to see a firming in […]
Turkish import scrap market has been lively over the past week against the backdrop of new transactions and increasing scrap prices.These increases in scrap prices have created a great confusion in the market, while producers have met their immediate scrap needs with the purchases they have concluded in the last seven days for shipments in […]
This week November scrap numbers posted down as expected. Chicago posted down $30/Ton at $325 from $355. This move was generally expected as the market had predicted a $20-$40/ton in late October. As such, most major cities followed a similar trend. Looking ahead in scrap, as the weather worsens, typically scrap is more difficult to […]
TURKEY Turkish steel mills started 2011 on a hesitant note, retreating from the scrap market before entirely satisfying their scrap needs.
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 […]