News
Exports at record speed as shredded hits $740/T
Warmer weather and higher prices have produced a bumper crop of obsolete iron and steel scrap, with plenty of hungry overseas melt shops ready to gobble up the metal.
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Wire rod producers go 6-for-7 in import review
U.S. producers of wire rod went six-for-seven in sunset review determinations by the U.S. International Trade Commission, seeing anti-dumping and countervailing-duty orders upheld against six countries and withdrawn only against Canada.
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Steel Economics – The Second Perfect Storm?
U.S. economic growth will at some point start escalating again, either sooner due to Federal Reserve easing interest rates, or later as the Housing correction is completed. At that point, steel prices will undoubtedly increase. If economic growth escalates rapidly, special bar quality (SBQ) steel prices could create a second “Perfect Storm”.
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