Discover and read the best of Twitter Threads about #steelprices
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US flat rolled #steel prices spike week-over-week, but how long will it last?
Sources close to #SteelOrbis have confirmed that domestic flat rolled #steelprices have continued to spike in the past 7 days.
The big question relates to how long this uptrend will last.⏬
Sources close to #SteelOrbis have confirmed that domestic flat rolled #steelprices have continued to spike in the past 7 days.
The big question relates to how long this uptrend will last.⏬
One source was quick to point out that overall steel demand is lower than it was in 2019. Auto production has not returned to 2019 levels, he said, adding that nonresidential construction is still more than 25% lower that it was in 2019.⏬
“If there was enough steel in 2019, there should be enough now,” he said. “[These increases aren’t because of] demand, it’s because capacity is offline.”
Not only is the domestic capacity utilization rate still hovering below 75%,⏬
Not only is the domestic capacity utilization rate still hovering below 75%,⏬
Brazilian high-grade iron ore price increases
The price of Brazilian high-grade #ironore exports, 65 percent iron contents, is $149/mt today, against $144/mt on March 10, CFR China conditions.⏬
The price of Brazilian high-grade #ironore exports, 65 percent iron contents, is $149/mt today, against $144/mt on March 10, CFR China conditions.⏬
The price is the highest since mid-June 2022, reflecting the confirmation that the operation pace of blast furnaces in China, in relation to their nameplate capacities, has reached 88.03 percent last week, after having increased for nine consecutive weeks.⏬
Such recovery of operations is attributed to the possibility that #steel producers could achieve higher margins, due to higher #steelprices in the international markets.
Full story 🔗 bit.ly/40agVTb
Full story 🔗 bit.ly/40agVTb
There has been a deepening conversation on the future of Steel prices which we will explore more of in this post! excellmetalspinning.com/steel-prices-w…
"Look what happened to Lumber"
Lumber prices fell 40% in June so can we expect the same for Steel? @SMUSteel indicated a fall in Steel Prices for the first time in a year!
Read more: excellmetalspinning.com/steel-prices-w…
#SteelPrices #UKmfg
Lumber prices fell 40% in June so can we expect the same for Steel? @SMUSteel indicated a fall in Steel Prices for the first time in a year!
Read more: excellmetalspinning.com/steel-prices-w…
#SteelPrices #UKmfg
The UK Government had intended to scrap quotas designed to curb imports, much to the fury of British Steel.
The Government, have now decided to temporarily extend a further 5 of the 19 steel products for one year!
Read more: excellmetalspinning.com/steel-prices-w…
#SteelPrices #UKMFG
The Government, have now decided to temporarily extend a further 5 of the 19 steel products for one year!
Read more: excellmetalspinning.com/steel-prices-w…
#SteelPrices #UKMFG
