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Metallics
Metallics Market Service
2008 September issue
Prices tumble as buyers stay away

Metallics prices saw a massive correction in Q3 as renewed weakness in the steel sector and plunging sentiment in the broader economy have applied the brakes to demand.  Indeed, since their peak in July, US prices for #1HMS have dropped by close to $200/t.  Regional melt rates have been scaled back under pressure from fast retreating steel prices and a seasonal lull in activity.  This is coinciding with the prolonged absence of Turkish buyers from the international market, which has ground seaborne scrap trade to a halt, and swelled supply in local markets.

 

Metallics Market Service


Metallics Market Service
includes in-depth analysis of the supply/demand/trade and price trends for metallics, and forecasts these trends out on an annual basis for the next five to ten years.  An in-depth review of all key data and analysis essential for a full understanding of the main trends affecting the metallics market is published every January. The main report is supplemented by quarterly updates (April, July, and October) of price trends supported by a PowerPoint market presentation.

The service provides:

  • Historical and ten year forecast of supply and consumption trends for scrap, pig iron and DRI/HBI.
  • Analysis of how scrap recovery rates vary by region and how they are likely to develop over the medium term.
  • Information on where new sources of DRI and pig iron will emerge.
  • Full analysis of international trade issues including country-by-country breakdown of imports/exports by product.
  • A comprehensive review of steel market trends with ten-year forecasts for iron and steel production (by process).
  • Analysis of historical and future price trends.  Price forecasts are presented on an annual basis for five years with a long term forecast extending to 10 years.

Contact
For more information, please contact:

Richard Pell
Steel Sales Manager
tel: +44 20 7903 2166
email: richard.pell@crugroup.com

 

Metallics







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