Tag archives: SS
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 …
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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Steel & Scrap
Steel & Scrap 29-06-20
Steel & Scrap
Did Someone Mention Increasing Demand?
It is the panacea for all markets, the biggest factor that could help us recover some sense of normality, the only thing that will bring a smile to suppliers across the world. It is, of course, increasing demand. The virus has caused huge disruption and left markets unable to react quickly enough to counteract …
Steel & Scrap 25-06-20
FIS CASTAWAY – EPISODE 13
This week the team talk $6 million dollar bail, Cape splits, and EU travel bans; all this is alongside our usual in depth analysis of the supply and demand factors affecting commodity market prices. Available now on the FIS website (www.freightinvestorservices.com/media ) Spotify https://open.spotify.com/show/7yMLsm5s8tLtrCQr7bG8wD?si=FW6Rvj9HRjClAx3vRjq8iw And Apple https://podcasts.apple.com/sg/podcast/fis-castaway/id1507094242
Steel and Scrap News Update 24/6/20
HMS 80:20 Scrap *Turkish import prices fall $10 over the last week* Following a proactive procurement plan over the last month on Turkish Scrap, Turkish mills now appear to have taken to the sidelines with ample stock. Turkish import prices have gradually drifted down over the last week from the 3-month high of $270/t. The …