Market Update
Weekly, if not daily, our teams discuss how steel market events and projections impact our customers and vendors. No two customers or vendors are exactly the same. This is our approach. Here’s your market update – let’s talk about it. #BuildingLivesAsStrongAsOurSteel SCRAP. Market participants expect downward trend in July anticipating a $10-20/ton drop. AUTOMOTIVE. All […]
Read More
#CoronaVirus versus #StockMarket
#CoronaVirus versus #StockMarket. With Hot Rolled Coil Futures on the upward slope, we remain optimistic that our country will pummel this virus and manufacturers will continue building the parts, components and machines that our families use to improve their lives. Photo: Superior Steel Supply, LLC places 1st trade of US Midwest Hot-Rolled Coil Steel Futures […]
Read More
Market Update
Chicago scrap price for #1 Busheling is at $270/ton. Detroit scrap price increased by $30/ton Chicago expected to follow. Mill lead-times pushing into late February/early March for hot-roll products. Superior Steel Supply predicts a strong start in 2020 for steel markets – we anticipate continuity through 1st quarter. Arcelor Mittal suffered an explosion to their […]
Read More
Market Update
Scrap expected to increase in January by $20/ton. #1 Busheling is at $275 as of December 13. Mill lead-times pushing into end of January and early February. On December 13, Mittal announced a $40/ton price increase. On December 16, Nucor announced an increase of $40/ton, placing hot-roll coil base at $640/ton. We hear that service […]
Read More