News Formal

Steel Producers Make Major Move to Improve Market Transparency

  • 📰 OilandEnergy
  • ⏱ Reading Time:
  • 25 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 68%

Steel Mills Notizia

Stell Prices,Steel Market

Steel producers Nucor and Cliffs introduce weekly and monthly HRC pricing, aiming for market transparency and potential influence on indexes.

Via Metal Miner The Raw Steels Monthly Metals Index MMI moved sideways, with a modest 1.86% decline from April to May. U.S. flat-rolled steel prices found a bottom at the close of March and proceeded to move sideways. HRC prices saw a modest increase but ultimately closed the month at $838 per short ton. Meanwhile, HRC Midwest Futures saw a strong decline throughout April, which saw the delta between MetalMiner HRC prices and futures narrow to a mere $1 per short ton as of May 1.

Mill Quarterly Reports Show Mixed Results Q1 2024 saw mixed results among steel mills with steel prices. Overall, shipments from the four leading domestic producers trended up from the previous quarter. Both Nucor and SDI saw an increase in total shipments, which offset quarterly declines from both U.S. Steel and Cleveland-Cliffs. Historically, Q1 typically sees an uptick in steel shipments, so the increase is unsurprising. However, shipments fell across all mills from Q1 2023.

 

Grazie per il tuo commento. Il tuo commento verrà pubblicato dopo essere stato esaminato.
Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

 /  🏆 34. in İT

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

China's Steel Market Tactics Under Scrutiny as Steel Demand IncreasesChina's steel industry faces challenges due to excess supply, falling demand, and increasing trade tensions, leading to proposed tariffs and regulatory measures.
Fonte: OilandEnergy - 🏆 34. / 68 Leggi di più »

High Costs Threaten to Derail Europe's Plans to Decarbonize Steel IndustryEuropean steel mills face challenges in decarbonizing due to high costs and economic uncertainty, but innovative solutions like importing green iron offer potential.
Fonte: OilandEnergy - 🏆 34. / 68 Leggi di più »