Monday is technically a holiday in the U.S. but Steel Market Update offices are open. For those who are confused with my travel schedule recently – I am no longer on the west coast – I have returned to our offices on the east coast. I can be reached at 800-432-3475 or by email: John@SteelMarketUpdate.com. […]
Written by: Brad Clark, Director of Steel Trading, Kataman Metals U.S. Midwest #1 Busheling Ferrous Scrap (AMM) Softens as Prices Drop 13.73 in February The physical market came in this week down $13.73 to $375.24 in line with expectations. Mill order book’s remain weak for the most part outside of auto industry demand (the major […]
Written by: Brad Clark, Director of Steel Trading, Kataman Metals U.S. Midwest #1 Busheling Ferrous Scrap (AMM) Uneventful Before Next Month Pricing Begins The physical busheling market has been characteristically quiet this week as both dealers and mills jockey for position ahead of next week when price negotiations will begin in full swing. All signs […]
Written by: Andre Marshall, Crunchrisk LLC Financial Markets On the equities markets we hit a new 5 year high reaching 1485 on SP 500 today. In this current rally you might recall our target point for this move is 1488 and so we may be near a point for a little retracement. If this current move […]
Written by Brad Clark, Director of Steel Trading, Kataman Metals U.S. Midwest #1 Busheling Ferrous Scrap (AMM) Heads South on Warmer Winter Weather Historically January is the strongest month for busheling prices as cold weather constrains supply. This year however an unseasonably warm winter has kept a lid on any price spikes this past month […]
Written by: Sandy Williams Commercial Metals Company announced first quarter net earnings ending November 30, 2012, of $49.7 million, down from $107.7 million at the end of November 2011. Results were partially attributed to a drop in profit from CMC’s Americas Recycling segment which saw lower demand that affected ferrous and nonferrous pricing and volumes. […]