Steel Products
Final Thoughts
Written by John Packard
August 22, 2013
We have been receiving a number of calls and emails regarding our Steel Summit Conference. Seems like we are disappointing a large number of people by not producing the conference this year. We will make up for it next year.
Early indications for September is for shredded scrap to drift another $10 per gross ton lower. Prime grades continue to be quite strong shipping to the mills as soon as the hit the scrap yards. Prime grades (such as busheling) should move sideways to slightly higher.
I want to welcome our newest members as well as those who have just signed up for a trial of our newsletter. We welcome questions, comments and suggestions. You can send them directly to me at: John@SteelMarketUpdate.com.
I also host a LinkedIn Group which is called Steel Market Update. You are welcome to go onto LinkedIn and sign up for our group.
As always your business is truly appreciated by all of us here at Steel Market Update.
John Packard
Read more from John PackardLatest in Steel Products
Active rig counts rise in US and Canada
Drilling activity increased in both the US and Canada last week, according to the latest oil and gas rig count data released by Baker Hughes.
FabArc Steel Supply completes projects in Mississippi, Georgia
FabArc Steel Supply announced this week the completion of two large-scale projects in Georgia and Mississippi.
US rig count slips, Canada ticks higher
ncreases through September, according to the latest Baker Hughes rig count data.
CRU: EC to toughen steel safeguards
The European Commission proposes cutting its steel import quota by almost half, with volumes exceeding the limit facing 50% duties. The region’s steel industry welcomes the move, while other steel-producing nations fear the consequences. CRU published an insight before this announcement, noting that more restrictive trade policy could significantly raise the cost of marginal supply […]
US and Canadian rig counts stabilize
US counts continue to hover just above historic lows, while Canadian figures remain comparatively healthy.