It was never going to be easy recovering from the largest economic shock the world has ever encountered. After record drop in consumer spending, GDP, travel and so many other indicators, it is hard to quite fathom the scale of the disruption, or the mountain left the climb to bring things back to normal. Debt …
Tag archives: SS
Derivative Fact Sheet
Steel & Scrap 09-07-20
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 …
Understanding your Chart – A starting point for technical analysis
Steel & Scrap 07-07-20
Steel & Scrap 06-07-20
Steel & Scrap 03-07-20
Steel & Scrap 02-07-20
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 …