Exports / Ferrous / Freight / Shipments Philip Hoffman

Hoffman: Export and Asia markets impact US domestic scrap markets

The usual suspects are pointing to a sideways U.S. market. Only two mills issued cancellations in April while others pushed for dealers to ship their April orders which bodes well for suppliers. On the export side, Turkey seem to be stuck on $380 CFR for HMS but exporters are stuck on $390, so there is a stalemate that may get broken at the International Rebar Exporters and Producers Association (IREPAS) meeting of long products mills and bulk scrap shippers in Berlin this week […]

Scrap Prices North America Philip Hoffman

March ferrous scrap market: Trends and turmoil

As I see it, the market looked to be a perfect storm for consumers this month while two large steel mills tried to put a floor on hot-rolled coil (HRC). One source speculated that “flat rolled mills coordinated their downtime and will take out 250,000 tons of capacity in April,” which made them attempt to put a bottom on flat-rolled product […]

Scrap Prices North America Philip Hoffman

Hoffman on scrap: The March outlook

The news in the West was that a mill in the Rocky Mountain region made a significant reduction in their usual purchase program, while still another small mill in the region also apparently reduced their buying program for February […]

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