September 26th 2016
According to latest statistics published by the World Steel Association, the world crude steel output by 66 countries reporting to the Association totaled 134.125 Million tonnes during August this year.
September 23rd 2016
According to the recent data published by the World Steel Association, the crude steel production by South and North American regions declined considerably during the month of August this year.
September 14th 2016
Ferrous scrap prices hit the skids this month, with busheling and bundles falling by $30 per gross ton and obsolete grades tumbling by as much as $25 per ton. The drop in the industrial scrap prices was expected and follows price cuts in these grades in both July and August.
September 9th 2016
Ferrous scrap demand this month is weaker than dealers expected. Several Detroit area steel producers are buying fewer tons this month and have slashed their busheling and bundles prices by $30 per gross ton. They also obtained “sympathetic” downward price moves of $20 per ton...
September 7th 2016
Representatives belonging to nine steel industry trade groups have expressed cautious optimism on the measures proposed to curb excess steel capacity during the recently concluded G-20 Summit at Hangzhou, China.
August 30th 2016
Ferrous scrap traders and brokers don’t expect to see much buying this week. Most believe the mills will wait until after the Labor Day holiday to begin purchasing scrap for the month. Several have told suppliers they have enough scrap on hand or en route to their mills...