Steel Products
June Ferrous Scrap Exports Down Across the Board
Written by Brett Linton
August 13, 2013
Written by: Brett Linton
June ferrous scrap exports totaled 1,405,041 metric tons (1,548,791 net tons) with Turkey, Taiwan, South Korea, Vietnam, and Egypt being the top five countries where scrap was sent. Exports to most of the big players in the market, with the exception of Taiwan, South Korea and Vietnam, dropped dramatically from the prior month. Compared to the same month last year, ferrous scrap exports are down for all of the major countries besides Vietnam. The top ten countries of export are listed in the table below.
June ferrous scrap exports were 34.5 percent lower than previous month and 26.3 percent lower than the same month one year ago. This sharp decrease over the previous month is primarily attributed to the large decrease in tonnage to Turkey and China. There were also unusually large shipments going to Malaysia in May that contributed to the lower figures for June.

Brett Linton
Read more from Brett LintonLatest in Steel Products

US rig count up, Canada declines
Oil and gas drilling activity was mixed this week, according to Baker Hughes. US rig counts expanded for a second straight week, while Canadian activity continued its seasonal slowdown of eight consecutive weeks.

US, offshore CRC prices continue to diverge
US cold-rolled (CR) coil prices declined again this week, slipping for a third straight week. Most offshore markets did the opposite, moving higher this week.

S232 lifts EU HR price over US, Asian HR still well behind
Domestic hot-rolled coil prices were flat this week after dropping for four straight weeks. Most offshore markets bucked the trend and gained ground.

SMU Steel Demand Index dips into contraction
SMU’s Steel Demand Index has moved into contraction, according to late April indicators. The slowdown comes in response to growing tariff uncertainty after the index reached a four-year high in late February.

Nucor selects Fives Group for new galv line at CSI
Nucor Corp. has tapped Fives Group as its partner in designing and manufacturing the new continuous galvanizing line being added at its California Steel Industries (CSI) joint venture in Fontana, Calif.