Material Handling Equipment - Racks, Conveyors, Carousels, Warehouse Equipment & more.
DJJ head says scrap prices could strengthen in coming months
After falling in the second quarter, scrap prices appear to have temporarily bottomed and may even be heading upward, according to Keith Grass, CEO of Nucor’s scrap unit, David J Joseph (DJJ).
Speaking during a quarterly earnings call yesterday, Grass said flows into company scrap yards appear [...]
Steel Dynamics Inc CEO Keith Busse doesn’t believe US scrap prices will be up in August, he told investors and analysts yesterday on a quarterly conference call monitored by Steel Business Briefing.
Due to a weak export picture and declining steel prices, he said “you’re not going to see any strength in [...]
Declining scrap prices are expected to drag down US longs prices with them, Steel Business Briefing understands.
A source at one domestic beams producer predicted yesterday that prices for delivery of that product next month would fall along with the decline in scrap by $20-40/short ton.
Source: Steel Business Briefing
August US scrap surcharge benchmark down $45/l.ton
A key scrap price that determines surcharges for August deliveries of many steel products in the US market fell by $45 - from $350 to $305 per long ton, Steel Business Briefing learns.
As SBB has previously reported, scrap market players had been expecting a [...]
The U.S gov’t last month imposed large tariffs of 42.61% to 289% charging the Chinese were dumping wire decks in the US.market.
Response : Government puts tariffs on imported wire but at who’s expense?
Government intervention into the free markets has a dismal & destructive track record.
Nobody ever wins a trade war. Call it what [...]
Introducing RSS
What is RSS?
RSS stands for “Really Simple Syndication”. At it’s most basic form, it’s a standard for distributing content to a wide number of people quickly and easily.
Why should I care?
Most web users who are interested in many sites or topics must repeatedly visit each individual site they follow. These sites are [...]
LONDON (MarketWatch) — European trade groups Eurofer, which represents steelmakers, and Orgalime, which represents industrial firms, said they “condemn” attempts by iron-ore producers BHP Billiton, Rio Tinto and Vale to increase prices by 80% or more. Vale this week reached a deal with Japanese steelmakers to up prices by 90%. The trade [...]
March’s US scrap market could be “coming in like a lion” with strong prices, one Mid-Atlantic states scrap dealer tells Steel Business Briefing.
“By all accounts the mills have strong order books, and are projecting good business. On the other side, incoming scrap has been severely impacted by the weather, as has transportation, especially rail service. [...]
The US government slapped preliminary anti-dumping duties on imports of more than 300 million dollars worth of wire decking from China, the Commerce Department said in a statement on Tuesday.
The department claimed that it found dumping of wire decking from China after investigation. The tariffs of between 42.61 to 289 [...]
Sources: US scrap prices will continue rising
The US scrap market for January and February is still taking shape – but market players tell Steel Business Briefing they expect prices to continue their upward march.
“I think the demand is going to be exceeding the supply, so I think prices will remain [...]
You are currently browsing the archives for the Industry News category.
