Scrap Metal Prices

CME METAL Prices  

SHFE METAL Prices

Scrap Metal Prices & Recycling News
olympus-ims.com
oxford-instruments.com
US flat steel prices witness downtrend in March
Lead poisoning rampant in India battery recycling
Palladium to outpeform Gold, Silver, Platinium in medium term: BNP Paribas

US flat steel prices witness downtrend in March

By (ScrapMonster Author)
April 05, 2012 07:28:57 AM
Cold rolled coil transaction values declined by over 6 percent in March. This was attributed to subdued demand combined with the threat of cheaper imports on the horizon. Buyers were cautious about rebuilding stocks at a time when scrap costs were declining.

LONDON (Scrap Monster): US flat product prices recorded downward movements in March according to the latest report by MEPS (International) Ltd. Mills failed to maintain selling figures for hot rolled coil at the February level.

Transaction values dropped approximately 7 percent and have been driven down by cheaper scrap values and the anticipated arrival of cheap imports. There is also negative pressure from the construction sector as well as from the distributors. However, general engineering, together with barge making, mining machinery and harvesting equipment, is providing plenty of business for the steelmakers.

The energy, transport, agriculture and earthmoving equipment sectors in the US have good order books, which are expected to become even stronger as the year progresses. This will benefit plate consumption. However, demand from the construction industry remains muted. The prospect of the arrival of cheap offshore plate from Poland and Russia in April is creating downward price pressure.

Cold rolled coil transaction values declined by over 6 percent in March. This was attributed to subdued demand combined with the threat of cheaper imports on the horizon. Buyers were cautious about rebuilding stocks at a time when scrap costs were declining.

US car manufacturers’ demand for coated steel will increase at a time when the outlook for the construction industry becomes more optimistic. Consequently, domestic supply in the general market is likely to become restricted, especially as a number of mill outages are planned for that period. For the moment, coated coil prices have contracted, in line with the cold rolled substrate.

Despite the decrease in selling figures for March, US mills have announced increases for April in an attempt to prevent further price erosion. These are likely to be accepted by the market and result in a firming of transaction values in the short term. However, oversupply could limit the size of any potential increases.

 

Also Read:
Start a discussion or add a comment
360
June 24th 2016
As per statistics, the imports totaled 15,000 tons during March this year. This is significantly down by almost 85% year-on-year.
June 23rd 2016
Vietnam imported 369,000 tons of scrap steel during May ‘16.
June 22nd 2016
The shredding operations at Ben Weitsman of New Castle which had opened its doors on May 7, 2016, are reportedly…
June 16th 2016
Owego, New York-based Upstate Shredding-Weitsman Recycling has been selected as the ‘Scrap Company of the Year’ by American Metal Market…
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
Old Sheet0.45$US / Lb
6063 Extrusions0.58$US / Lb
6061 Extrusions0.54$US / Lb
Zorba 90% NF0.51$US / Lb
Alternator0.35$US / Lb
#1 Copper Wire and Tubing1.91$US / Lb
A
Multi-Material Collection
Singapore
W
Paper Recycling
Willimantic
P
Equipment Brokers
O Fallon
W
Waste recycling
T
Plastic Recycling
Suite 500 West