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Industry Update 6/14/18

Indexes: Indexes saw very minimal fluctuations this week. Minor retraction in HR, minimal increases in CR and HDG. These played an effect in the CME futures space for a day with contracts losing a little steam. We shall see what that brings towards the end of the week. As additional tariff talk vs. China may…

Industry Update 5/30/18

Indexes:  HR up, CR and GV down HR:  So it dropped $10/ton last week, and it gains $10/ton this week….back up to the current high mark of $886 ($44.30) CR:  Drops $7/ton this week, resting at $1,011 ($50.55) GV:  Dips $4/ton this week, landing at $1,089 ($54.45)   Current product markets seem to be pretty…

Industry Update 4/19/18

Indexes: HR:  Shows more signs of evening out….Down $7/ton ($0.35/cwt) this week…From January  to February HR was up about $5.00/cwt…..from February to March it was up another $5.00/cwt or so…..But from March 14 to April 20, (six Wednesdays) we have seen HR price from $41.80 to $43.20, just a spread of $1.40/cwt. CR:  Stubborn as…

Industry Update 3/9/18

INDEXES:  BIG Jumps this week… HR:  Up $20/ton ($1.00/cwt),  climbing to $772 ($38.60)…not  even close to unprecedented pricing though (yet?)… Last time HR was this high was 2011…high water mark that year was $888 ($44.40)….and  let’s not forget (who could?) 2008, when in May of that year, HR hit $1125 ($56.25) CR:  Up $12/ton ($0.60/cwt),…

Industry Update 3/1/18

Indexes:  No end  in sight currently …to the increases   HR:  Up “just” $5/ton ($0.25/cwt) this week….$752/ton ($37.60/cwt).  Marks basically the  18th straight week (dropped $1/ton at New Years) that HR has gone up, going back to 11/1/17…end of October, we were basically at $29.00, so up $8.00+/cwt CR:  Gained $14/ton this week  ($0.70/cwt)….now at…

Industry Update 2/23/18

INDEXES: No slow down seen yet, as prices leap pretty good this week… HR:  Up         $11/ton ($0.55/cwt) reaching $747 ($37.35)…highest since summer of 2011 CR:  JUMPS  $28/ton ($1.40/cwt), getting to $893 ($44.65) GV:  Leaps    $18/ton ($0.90/cwt) hitting  $951 ($47.55)   Since end  of October, the recent low point before things started going up: HR was…

Industry Update 2/16/18

INDEX: HR still climbing, up another $13/ton ($0.65/cwt) this week….now at $736 ($36.80) CR stayed flat at $865 ($43.25) GV up $14/ton to $933 ($46.65) This week saw another increase in the HR market. Additionally, we now see the potential remedies available to the current administration in relation to the Section 232 case. The commerce…

Industry Update 2/7/18

Indexes HR up another $20/ton ($1.00/cwt) this week, moving from $703 ($35.15) to $723 ($36.15)…highest since beginning of 2012 (6 years). CR up $7/ton ($0.35/cwt) GV up $7/ton ($0.35/cwt) CAPACITY:  Though nothing staggeringly new here, production has been on the rise since the  beginning of the year, going from 71% to 75%.  2017 mostly ran…

Industry Update 2/1/18

Indexes HR up $8/ton ($0.40/cwt) this week, landing at $703 ($35.15)….. 1Q  2012 was last time HR CRU was this high…prices started to build from around $30.00 in November of 2011 and peaked at $37.00 in February back then.  And by July it was back around $30.00. Coincidentally this current run up started in early…

Industry Update 1/25/18

This week the steel indexes increased on all products with the exception of Galvanized. Hr +22, Cr +19 and HDG -1. Questions remain as to the continued trajectory and its longevity. Futures market for Hr has been volatile; Q2 trading in the neighborhood of $685. The current administration meeting at the world economic summit this…