Tag Archives: scrap
February scrap numbers for Chicago finalized this week off $30/ton to settle at $408/Ton down from $438/Ton in January. Despite record cold temperatures taking their toll on scrap collections, poor demand from the mills on the buy side was enough to force downward pressure in recent weeks on the price. This downward trend has been […]
As January came to a close, the rebar market had seemed to cool. It may be the unprecedented cold in certain regions, coupled by the relatively slow part of the season. Or it may be the “numbness” buyers have felt enduring 4 domestic mill price increases in the last 2 ½ months. Whatever the reason, […]
05.12.2013 A few of the major rebar producer moved up their rebar prices from their mills up $10/ton effectively immediately with orders not on the books. All existing orders will be protected until the end of the month. The two major players in the domestic industry have pushed up pricing $30/ton since mid-October now. I […]
The 1st Assofermet Day & SteelOrbis Conference was held with great success on Friday, November 15, at Villa Fenaroli Palace Hotel in Rezzato in Brescia in northern Italy. The 1st Assofermet Day & Conference SteelOrbis included the attendance of a total of 211 registered and 202 accredited participants, with 150 participants at the meetings held […]
Uğur Dalbeler, General Manager of Turkey-based Çolakoğlu Metalurji AŞ and Chairman of IREPAS, discussed his high hopes for the Turkish steel market with SteelOrbis Istanbul during the fall SteelOrbis conference and IREPAS meeting.
Sergei Kuznetsov, CEO of Severstal North America, talks with SteelOrbis Americas about forecasts for the US flat and coated market, as well as reasons why his company is prepared for both the best and worst economic conditions.
Wherever you look, you’ll see crisis after crisis. Economies in Europe and the US are stalling and some are even on the brink of another downturn. Add to that the enormous amount of debt burdening the US and the Eurozone and you can easily see that the next economic meltdown is just around the corner.
What a summer! While heat waves blasted most of the US, demand for steel, unfortunately, remained lukewarm, and even the steel sector that is usually lively during the annual summer doldrums—scrap—followed a curious neutral trend for most grades and regions during the hot months.