Scrap Monster

EDITION
Lead poisoning rampant in India battery recycling
Aluminum hits highest price in five months; demand improving: Commerzbank
By   29 Feb 2012  Last updated at  06:00:35 GMT
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:
July 1st 2015
The scrap exports by Japan further rose by 2.4% in May this year, after increasing % in April. South Korea…
June 30th 2015
The scrap exports by the US declined sharply during the month of April this year. The exports had increased slightly…
June 30th 2015
The Chinese scrap imports dropped during the month of May this year. The country's scrap imports totaled 220,000 tons during…
June 30th 2015
The statement released by the Chinese Ministry of Finance and the State Taxation Administration indicates that selected scrap processors in…
W
Scrap Iron & Steel
Sharajah
B
Plastic Recycling
Bekasi
E
Waste recycling
Seattle
A
Multi-Material Recycling
Allentown,
A
Multi-Material Recycling
Glen Rock ,