Steel Products
Final Thoughts
Written by John Packard
January 9, 2013
The one other area bearing watching is the spot iron ore market in China. Based on recent TSI numbers 62 percent Fe fines were referenced at $158.5/dmt as of January 8th. Over the past four weeks, 62 percent fines have risen by 27 percent and are almost double their fifty-two week lows of $86.7/dmt.
Our iron ore trader was out of the country with Chinese clients today. I hope to get more information about the iron ore spot market and what we can expect after the Chinese New Year. A number of analysts are forecasting a correction in ore prices (or a jump in steel prices).
I want to take this opportunity to welcome our newest members. If you have any questions about Steel Market Update please do not hesitate to contact our offices either by email: info@SteelMarketUpdate.com or by phone: 800-432-3475.
If you have a subject that you would like Steel Market Update to cover – or a suggestion on how we might be able to improve our product – please do not hesitate to contact us. I am also available should you wish to contact me personally. I can be reached at: John@SteelMarketUpdate.com
As always your business is truly appreciated.
John Packard
Read more from John PackardLatest in Steel Products
Rig count update: US activity stable, Canada slips
The number of oil and gas rigs operating in the US remained unchanged this week for the second consecutive week, while Canadian activity declined, according to the latest data released from Baker Hughes.
SMU market survey results now available
SMU’s latest steel buyers market survey results are now available on our website to all premium members. After logging in at steelmarketupdate.com, visit the pricing and analysis tab and look under the “survey results” section for “latest survey results.” Past survey results are also available under that selection. If you need help accessing the survey results, or if […]
Domestic, offshore CRC prices steady
The price spread between US-produced cold-rolled (CR) coil and offshore products on a landed basis was unchanged in the week ended Dec. 20.
SMU Survey: Mill lead times contract slightly, remain short
Steel mill production times have seen very little change since September, according to buyers participating in our latest market survey.
Worthington Enterprises’ earnings dip in fiscal Q2’25
Worthington Enterprises' profits edged down in its fiscal second quarter of 205 vs. a year earlier. The company said a slump in sales in the quarter was due largely to the "deconsolidation" of the Sustainable Energy Solutions segment in the fourth quarter of fiscal 2024.