CRU: US longs prices remain mostly flat in October
CRU Senior Steel Analyst Alexandra Anderson shares insight into the current market for long steel products.
Contributor: Alexandra Anderson
Alexandra Anderson
Read more from Alexandra Anderson CRU: Longs pricing trends diverge in North, South America
Most longs prices in the US were unchanged this month, except for rebar, which declined by $1.50/cwt ($30/short ton) m/m. While end-use demand is stable, inventories are well-stocked, keeping purchases limited. Domestic availability is sufficient to meet current demand, hindering the appetite for imported material. Meanwhile, prices for scrap remained under pressure in June, with […]
CRU: Longs prices continue to fall in North, South America
Sufficient inventories resulting in softer demand continued to drag down US longs prices this month. Furthermore, lower scrap prices in May added to the downward pressure and expectations for June scrap are turning increasingly bearish. Import interest was also limited, particularly as competition among domestic producers rose.
CRU: Higher Costs, Lower Demand Flatten US Longs Prices
The US long products market was largely stable this month, as end-use demand remained subdued, and buyers continued to work through inventories. Scrap prices rose in January, fuelling bullish sentiments, but sluggish activity limited any expansion in margins. As a result, rebar, merchant bar, and structurals were all flat month-on-month (MoM). Wire rod prices decreased […]
CRU: High Raw Material Costs Continue to Support US Pricing
By CRU Prices Analyst Alexandra Anderson, from CRU’s Steel Monitor, April 21 Request more information about this topic. Learn more about CRU’s services at www.crugroup.com