Steel News Global SCRAP REGISTER en-us 2017-02-20T07:28:42+01:00 US Raw Steel production increases 1.7% y/y to 1,738,000 net tons>uploads/news/2017/2/1234231751487065203 United States domestic raw steel production increased by 1.7 percent year-on-year to 1,738,000 net tons in the week ended February 11, 2017 while the capability utilization rate was 73.4 percent, as per the latest figures released by the American Iron and Steel Institute (AISI). Global Steel-making to recover after slowdown in 2015/16>uploads/news/2017/2/13012309461486983620 Following rapid growth in world steel production to 2014, the situation has changed. MEPS predicts that the high point for global steel-making in that year will not be overtaken until the start of the next decade. US Steel shipments climb 9.4 y/y percent m/m in December>uploads/news/2017/2/18482858851486722876 United States steel mills shipped 7,173,245 net tons of steel during the month of December last year, an increase of 6.7% from the 6,724,277 net tons shipped in November 2016 and an increase of 9.4% from the 6,556,342 net tons shipped in December 2015, as per the latest figures released by the The American Iron and Steel Institute (AISI). Southern European HRC Steel prices gain further to €536 per ton>uploads/news/2017/2/11968348511486636258 South European buyers were pegging the HRC market between €530-540/t, but transactions were limited as many are still well-stocked from orders made at the end of last year. Northern European HRC Steel prices gain to €560 per ton>uploads/news/2017/2/2039483481486550750 North European mills were heard to be increasing their asking prices, with ArcelorMittal reportedly aiming at €600/tonne for HRC. Some material was still available for the March rolling, with spot prices hovering around the €560/t mark. Spot Iron Ore market activities show a sharp uptick in January>uploads/news/2017/2/2054150361486547684 The increase in floating price trades was noticeably marked—63% of the total were traded against an index. 35% of all spot transactions recorded were against the TSI 62% Fe iron ore index (note that TSI only uses trades against TSI 62% Fe or the Platts IODEX 62% Fe indices). ASEAN HRC Steel import prices climb to $511 a ton>uploads/news/2017/2/13862047561486533263 Producers were optimistic, keeping their asking prices firm or even slightly increasing them. Mills’ offers for HRC SAE grade were heard this week between $520-525/t for material from China, at around $560/t from S. Korea, $545/t from Taiwan and $585/t from Japan. US domestic Raw Steel production increases 3.5% to 1,723,000 net tons>uploads/news/2017/2/20404178971486464194 United States domestic raw steel production increased by 3.5 percent to 1,723,000 net tons during the week ended on February 4, 2017, while the capability utilization rate was 72.7 percent, as per the latest figures from the American Iron and Steel Institute. US Rebar imports climb 12.8 percent y/y during December>uploads/news/2017/2/16559998021486460773 United States imports of rebar climbed 12.8 percent to 129,158 mt during December last year, up 2.6 percent from November 2016 and up 12.8 percent from December 2015 levels, according to preliminary census data from the US Department of Commerce. US HRC Steel prices fall to $585 a short ton; Steel Scrap prices stay stable>uploads/news/2017/2/3791807601486376058 US HR coil prices fell by $3 a short ton to $585 a short ton FOB Midwest Mill during the week ended January 06, while major US steel scrap commodities prices on Scrap Register Price Index stayed stable.