The various flat rolled steel indexes followed by Steel Market Update are falling in line and reporting hot rolled, cold rolled, galvanized and plate prices the same. We find this interesting as the various steel price collection techniques are slightly different from one another. Could this be a harbinger that flat rolled prices are close […]
The following article on the hot rolled coil (HRC), busheling scrap (BUS), iron ore and financial futures markets was written by Andre Marshall, CEO of Crunch Risk LLC and our Managing Price Risk I & II instructor. Here is how Andre saw trading over the past week: Financial Markets We are actually in a pretty […]
Flat rolled steel prices continued to erode at a moderate pace this past week. Steel Market Update reviewed the results of three other steel indexes as well as our own for the week ending October 30, 2015. We found, with the exception of the Platts indices, all of the other indexes saw prices down by […]
October was the second month in a row where SMU had our Pricing Momentum Indicator pointing toward lower pricing. SMU reports hot rolled coil, cold rolled, galvanized and Galvalume pricing every Tuesday evening. During October we produced our steel prices indices four times. HRC was reported at $420 per ton the first Tuesday of the […]
Hot rolled prices are poised to crash through the $400 per ton ($20.00/cwt) barrier and head toward lows not seen since 2009 when SMU’s HRC average briefly reached $380 per ton ($19.00/cwt). This past week SMU saw flat rolled steel and plate prices drop on all of the indexes followed by SMU except SteelBenchmarker which […]
The following article on the hot rolled coil (HRC), busheling scrap (BUS), iron ore and financial futures markets was written by Andre Marshall, CEO of Crunch Risk LLC and our Managing Price Risk I & II instructor. Here is how Andre saw trading over the past week: Financial Markets: The stock market continues to prevail. From […]
Flat rolled steel prices continued their downward spiral this past week based on our analysis of the four steel indexes followed by Steel Market Update. We will be watching prices closely over the next week or two to see if we breach the psychological $400 per ton number on benchmark hot rolled coil. We have […]
Flat rolled steel buyers and industry executives reported steel mills in both Canada and the United States as “aggressively looking for business” to run across their lines. Steel Market Update spoke with a manufacturing company on Monday who told us their company had been approached by a domestic mill not usually associated with cheap hot […]
Flat rolled steel prices continued their slide according to the various flat rolled steel market indexes followed by Steel Market Update. The greatest movement was found with benchmark hot rolled which was down double digits on all of the indexes reporting last week. We saw mixed results when reviewing cold rolled, galvanized, Galvalume and plate […]
According to the various flat rolled steel indexes followed by Steel Market Update, hot rolled, cold rolled, galvanized, Galvalume and plate prices continue to be weak this past week. Benchmark hot rolled was the most stable with all four indexes reporting last week. SMU and Platts were showing the HRC average as being $430 per […]
We ended the month of September recognizing that not only have steel prices been falling but the Momentum behind pricing turned negative during the month. Our SMU Price Momentum Indicator is now pointing toward Lower prices to be seen in the coming month or longer. Sentiment, another Key Market Indicator, has been dropping as you […]
Last week three of the four steel indices followed by Steel Market Update reported flat rolled steel price averages for the week. We saw large double digit declines in the CRU on hot rolled, cold rolled and galvanized while Platts only saw movement in hot rolled. Steel Market Update captured declines in hot rolled, cold […]
The following article on the hot rolled coil (HRC), busheling scrap (BUS), iron ore and financial futures markets was written by Andre Marshall, CEO of Crunch Risk LLC and our Managing Price Risk I & II instructor. Here is how Andre saw trading over the past week: Financial Markets: Basis last reporting of improving markets […]
Flat rolled and plate prices continued to slip as all of the indexes followed by Steel Market Update reported pricing this week. The CPI benchmark hot rolled average dropped $2 to end the week at $446 per ton ($22.30/cwt). We now have SMU with the lowest average at $440 per ton followed by Platts ($445), […]
The following article on the hot rolled coil (HRC), busheling scrap (BUS), iron ore and financial futures markets was written by Andre Marshall, CEO of Crunch Risk LLC and our Managing Price Risk I & II instructor. Here is how Andre saw trading over the past week: Financial Markets: Despite the recent turbulence in the […]
The flat rolled steel indexes followed by Steel Market Update saw prices as being relatively flat this past week with the exception of Platts which is playing catch-up as they move their prices to be more in line with the other indexes. SMU kept all of our indices the same as the prior week as […]
Due to the Labor Day Holiday in the United States, Steel Market Update did not produce our Comparison Price Indices article on Sunday evening. Since many of our readers look forward to this information we are publishing last week’s numbers this evening. Hot rolled coil was dropped below $450 per ton on two indexes – […]
The following article on the futures markets was written by Andre Marshall, CEO of Crunch Risk LLC and our instructor for our Managing Price Risk I and Managing Price Risk II workshops. Andre attended the SMU Steel Summit Conference on Tuesday and Wednesday of this week in Atlanta. Here are his comments about both the […]
Virtually all of the indexes followed by Steel Market Update have begun to note the falling prices on flat rolled steels in North America. Benchmark hot rolled continues to be the most volatile product, dropping by as much as $16 per ton according to SteelBenchmarker (who only reports prices twice per month) and even Platts, […]
Our Steel Buyers Sentiment Index dropped for the second month in a row, however, our 3-month-moving-average rose slightly. Our Sentiment Index has been trailing what we reported during 2014 as business growth has been tempered this year versus last. Flat rolled steel prices dropped slightly from the end of last month through the end of […]
With the exception of Platts, all of the other indexes reporting (and followed by SMU) saw flat rolled products as losing ground this past week. Steel Market Update (SMU) is leading the way with their benchmark hot rolled coil (HRC) average dropping by $10 per ton to $450 per ton. This is $5 higher than […]
The following article on the hot rolled coil (HRC), busheling scrap (BUS), iron ore and financial futures markets was written by Andre Marshall, CEO of Crunch Risk LLC and our Managing Price Risk I & II instructor. Here is how Andre saw trading over the past week: Financial Markets: Oh boy we had a 48 […]
The negative numbers are starting to appear and SMU is hearing from steel buyers that weakness is creeping back into the markets, if only over the short term. However, not all of the indices followed by Steel Market Update saw the market as weakening at all. SteelBenchmarker, in particular, reported bullish results with all of […]
Flat rolled steel prices barely moved this past week according to the steel price indexes followed by Steel Market Update. Hot rolled price averaged $466 per ton with SMU and Platts at $465 and CRU at $467 per ton. Cold rolled was one product where we saw a split between SMU ($580), Platts ($585) and […]
In the first six months of this year bulk scrap exports were 6,893,000 metric tonnes for an annual rate of 13,786,000 tonnes, down by 9.1 percent from the first six months of last year. The tonnages shown in Figure 1 are based on three month moving averages for 2015 and on the twelve month monthly […]
Flat rolled steel prices, and the momentum associated with steel price movement, have been stuck for quite some time as you can see by our SMU Price Momentum at the top of the table below. As a result, our benchmark hot rolled price average is $3 per ton higher than what we reported at the […]
Benchmark hot rolled slip a little this past week according to Steel Market Update and CRU, while Platts kept their hot rolled number the same (they haven’t moved in over a month). SteelBenchmarker reported prices and their hot rolled number was up $4 per ton. When all of that was said and done the average […]
The following article on the hot rolled coil (HRC), busheling scrap (BUS), iron ore and financial futures markets was written by Andre Marshall, CEO of Crunch Risk LLC and our Managing Price Risk I & II instructor. Here is how Andre saw trading over the past week: Financial Markets: Well we did indeed put in […]
Flat rolled steel prices saw little movement this past week in benchmark hot rolled but, we did see some cracks in the “shadow” effect as the spreads between CRU and the other indexes started to widen. These small gyrations in the numbers in any one week may be due to what is being collected and […]
On Friday, Steel Market Update (SMU) adjusted our Price Momentum Indicator from Higher to Neutral. Now why did we go and do that? We have been stuck in a very tight trading range on most flat rolled steels since late April of this year. Benchmark hot rolled, which is used by most in the […]