By Bill Beck - December 12, 2018
In December, export markets in the Pacific Northwest gave back $15 of the $20 they had gained in October and November, with some in the region predicting the markets could be off further before January. Domestic mills, which had booked $10 raises in both October and November, were off $10 for the year’s last month.
By Bill Beck - November 14, 2018
For the second straight month, prices increased $10 at export yards and domestic mills in the Pacific Northwest. That comes after a summer and early fall of down market pricing. But one Seattle broker said he doesn’t expect the up markets to last.
By Bill Beck - October 10, 2018
One Seattle dealer had a sure indication that the bleeding had stopped in the Pacific Northwest when one major consumer quietly raised prices mid-month to attract material and another major customer kept urging dealers to ship orders as September wore on. “Nucor did not cancel orders,” he said, “which means sideways at worst.”
By Bill Beck - September 12, 2018
An export market that began slowing significantly at the beginning of summer and the continued uncertainty surrounding the imposition of tariffs on steel producing nations resulted in a fourth straight down month for the Pacific Northwest ferrous scrap sector, with export and domestic numbers off $20 from August prices. Export prices are now down $50 from their June peak.
By Bill Beck - August 15, 2018
An export market that slowed significantly in June and the continued uncertainty surrounding the imposition of tariffs on steel producing nations resulted in a third straight down month for the Pacific Northwest ferrous scrap sector, with export and domestic numbers off $10 from July prices.