US HRC prices hit all-time low; US Steel , Stainless Steel Scrap prices stay stable

Published: Dec 7, 2015 18:49

Save

US HR coil spot prices reached another milestone during the ended November 20.

UNITED STATES December 07 2015 11:39 AM

NEW YORK (Scrap Register): US HR coil spot prices reached another milestone during the ended November 20, falling to an all-time low since publication began in April 2006, while major US steel and stainless scrap commodities prices on Scrap Register Price Index continued to remained flat.

According to TSI, daily US Midwest index slipped $7 a short ton FOB Mill from one week ago to $380 a short ton.

Activity picked up slightly the week with a number of concluded deals taking place between $375-385 a short ton with many participants of the belief prices could fall even lower.

Platts reported that the US Department of Commerce has delayed its preliminary determination ruling in the HRC anti-dumping investigation by 50 days to March 8, 2016.

The impact of the ruling could help bolster sentiment in Q1 2016 if prices continue to remain moribund next year.

However, the prices of major stainless steel scrap commodities like 201 SS, 301 SS, 309 SS, 310 SS and 330 SS stayed flat on Scrap Register US Price Index during the week.

The prices of major steel scrap commodities like #1 HMS, #1/#2 HMS 80/20 and steel casting also reported almost flat trend on Scrap Register US Price Index during the week.

US HRC steel prices Stainless Steel Scrap prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

55 mins ago

Tianjin Sabo Recalls 100 E-Bikes Over Safety Concerns

[Lead-Acid Battery End-Use Market Update] Recently, in accordance with the requirements of the Interim Provisions on the Administration of Consumer Product Recalls, Tianjin Sabo Vehicle Co., Ltd. voluntarily submitted a recall plan to the Tianjin Municipal Administration for Market Regulation and will recall, effective immediately, 100 units of the Jiebao Da Wangpai model TDT200Z e-bikes manufactured during the period up to December 31, 2023.

55 mins ago

1 hour ago

Dragged Down by Broad Losses in Base Metals, Lead Prices Closed Lower Intraday [Lead Futures Brief Review]

1 hour ago

Chilwee Group Reports Strong Sales of Sodium-Ion Batteries, Expands Production and Opens First Store

[Lead-Acid Battery Enterprise Updates] Chilwee Group recently disclosed that after the large-scale commissioning of its sodium-ion batteries, they have continued to sell strongly, with all orders for this year already locked in. Its two existing production lines have been operating at full capacity, and eight additional production lines have entered the installation and commissioning stage. At present, the company has 4.5 Gwh of sodium-ion battery capacity and opened its first directly operated sodium-ion battery store in 2025, attempting to directly encourage end-use consumers to replace the lead-acid or lithium batteries in some two-wheeler models with sodium-ion batteries.

1 hour ago