Tag archives: SS

Steel and Scrap Update 8/7/20

*Physical scrap fixtures continue to be rangebound* A handful of physical fixtures have been reported over the past week, with traded levels holding relatively steady at around $255/t CFR. The most recent fixture was a UK based seller transacting a 15kT cargo, split across 14kT HMS 80:20 at $253/t and 1kT shredded scrap at $258/t …

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Steel and Scrap News 1/7/20

*Blast Furnace Game Time?* Steelmakers are planning on restarting several Blast Furnaces after being hot-idled for covid-19 in the US.  Sentiment remains that the demand side of HRC is lacking.  While US and European HRC curves remain in contango, US BUS scrap is pricing lower prints in Jul20 & Aug20.  This has put pressure on …

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Iron ore uneasy over China weather, steel demand

Iron ore futures rebounded modestly on Tuesday as investors remained concerned over China’s steel demand. Rebar led the way for the rebound in Asia as investors became concerned over the latest environmental curbs in Tangshan which may lead to temporarily closure of many blast furnaces and sintered machines in the area.   Iron ore failed …

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