Scrap Metal Prices

CME METAL Prices  

SHFE METAL Prices

Scrap Metal Prices & Recycling News
olympus-ims.com
oxford-instruments.com
Steady trend in flat steel buying activity in US markets: MEPS
Lead poisoning rampant in India battery recycling
Outokumpu supplies 650 tons of steel quarto plates for US solar energy project

Steady trend in flat steel buying activity in US markets: MEPS

By (ScrapMonster Author)
February 29, 2012 06:00:35 AM
The US market for hot rolled coil (HRC) and cold rolled coil (CRC) steel products is appearing to be steady in early 2012 with HRC selling figures climbing approximately four percent , month-on-month in February, according to MEPS International Ltd.

LONDON (Scrap Monster):  The US market for hot rolled coil (HRC)  and cold rolled coil (CRC)  steel products is appearing to be steady in early 2012 with HRC selling figures climbing approximately four percent , month-on-month in February, according to MEPS International Ltd.

The first quarter is sold out at many US strip mills and distributors expect demand to continue at a good level through March and April.

Commodity plate prices have held at the inflated levels achieved in January. Demand is strong from a number of end-user sectors such as mining, barge work, and transmission pipe and wind towers. However, consumption by the construction industry remains poor.

With delivery lead times for cold rolled coil stretching towards eight weeks, US mills proposals for higher transaction values have succeeded once again. MEPS selling figures have risen over 3 percent since January. However, buyers are cautious about rebuilding stocks at a time when scrap prices are softening which suggests the positive price tendency may now be coming to a halt.

Sales forecasts for auto and domestic appliances are encouraging for the year ahead and coated steel demand from those sectors remain firm. The advances planned by US steelmakers for February have been accepted but further hikes next month are unlikely.

Some further modest upwards movement in US transaction values is possible in the near term because demand is likely to remain firm through March and April. However, cheaper foreign imports are expected to arrive at the docks in the spring which could adversely affect domestic prices in the second quarter of 2012.

 

Also Read:
Start a discussion or add a comment
360
May 20th 2016
The Minnesota Pollution Control Agency (MPCA) is reportedly in the process of initiating legal action to stop the operations at…
May 20th 2016
The Fort Wayne, Indiana based steel producer Steel Dynamics, Inc. (SDI) has been announced as the winner of the prestigious…
May 19th 2016
The country’s scrap exports totaled 120,025 tons during the initial three months of the current year. The exports surged higher…
May 18th 2016
The world recycling body has decided to focus on the critical role played by international trade in strengthening the US…
Paul Ploumis

Paul Ploumis
(ScrapMonster Author)

Paul Ploumis is the Scrap Monster Founder and CEO.  With years of experience in the Scrap and Recycling industry, he
Scrap Metal Prices
ItemPriceUnit
6061 Extrusions0.56$US / Lb
Zorba 90% NF0.53$US / Lb
Old Sheet0.45$US / Lb
6063 Extrusions0.59$US / Lb
#1 Copper Wire and Tubing2.05$US / Lb
#2 Copper Wire and Tubing1.93$US / Lb
S
Iron & Steel Companies
Portland
A
Scrap Iron & Steel
Chicago
V
Liquid Oils and Chemicals Recycling
Houston
R
Waste Collection & Disposal
Phoenix
Q
Waste Management
The Colony