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steel scrap

  • Iron Ore Prices Slip Further

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    Peers Henes

    The following article appeared in the Australian Financial Review and was sent to me from a vendor. From this article it appears iron ore has been slipping and many forecast it to drop further in 2017.  Note the broad difference in price estimates from  “the professionals”.  Goldman Sachs predicts a bearish price of $36 while,…

  • West Coast scrap drops further

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    Peers Henes

    In today’s steel business briefing there is an article which follows outlining the quick drop in scrap pricing for export to Taiwan via containers.  In short, scrap dropped about $100/mt in the past 3 weeks and is now about $180 to $190 mt loaded containers at the LA port.  Meanwhile, steel mills in the USA…