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Scrap numbers said to be a key factor to watch

Nucor Scrap Surcharge (contracts) to Increase by $120/Ton

Nucor’s scrap surcharge will increase on June 1, 2008 by $120 per ton ($6.00/cwt) based on the latest published #1 Busheling scrap prices. This increase comes after an increase of $170 per ton for the month of May.

Number 1 Busheling has moved from $430/l.t. in March to $600/l.t. in April and is now being published at $720/l.t. for May. The May number determines the surcharge that Nucor will charge for the following month (June).

As I have mentioned on a number of occasions the scrap numbers are one of the key pricing factors that we need to watch.” said John Packard. “We can now anticipate that Nucor will announce their flat-rolled spot prices some time this week (I would anticipate early this week) and the increase could be in excess of the $70 per ton announced by AK Steel earlier this month.”

AK Steel’s base prices on HR for July are $56.25/cwt and I anticipate that Nucor’s number may exceed the AK Steel number.

Source: John Packard: mysteelagent.com

Possible shortages of light gauge galvanized

I am hearing that there may be a shortage of light gauge galvanized/Galvalume during the July time frame. I am aware of a Chinese galvanizing line that is experiencing problems that may cause it to not ship approximately 15,000 tons of light gauge galvanized meant for the U.S. market.

I am also hearing ArcelorMittal may be having some issues – especially working through the changes necessary with the sale of Sparrows Point and the supply of material to the Double G coating facility in Jackson, Mississippi.

Source : http://www.steelmarketupdate.com

At the same time I am hearing from HVAC suppliers that inventories are tight at the moment but there is a concern a combination of hedge buying by end users coupled with continued buying of allocated tons by both the service centers and wholesalers may cause a surge in supply during the month of July. I would appreciate any information that you would like to share regarding your particular situation and what you are seeing and hearing from your customers/suppliers.

Scrap – SDI bought another scrap supplier within the past few days. Nucor has been buying up sources as well.

This is something steel buyers need to be aware of and to watch as it can go two ways

1) control of the sources guarantees the mini-mills ample scrap now and into the future.

2) Control of the sources of steel scrap can artificially keep the price of scrap high – thus hurting the buyers of steel products – and pumping up the bottom line of the mills in control of scrap.

Steel Prices – SDI (June), USS (July), Nucor (July), ArcelorMittal (July), Severstal – especially Sparrows Point (July) and the conversion mills – The Techs, Sharon Coatings, CSN and Wheeling Nisshin should all be coming out with prices either yet this week or, if they want to be nice to me because I’m on vacation, by early next week. Please send me an email or a call when you get the news.

Steel Mill Upcoming Steel Price Release Dates

Steel Prices – SDI (June), USS (July), Nucor (July), ArcelorMittal (July), Severstal – especially Sparrows Point (July) and the conversion mills – The Techs, Sharon Coatings, CSN and Wheeling Nisshin should all be coming out with prices either yet this week or, by early next week.

Source: www.steelmarketupdate.com

Steel Prices Continue to Move Higher

Steel Business Briefing released The Steel Index of Reference Prices for the week ending May 4, 2008. The new numbers show that the market prices for hot rolled, cold rolled and galvanized have continued to move higher as compared to the week prior.

Hot-rolled prices showed a $5 per ton move to the upside ($.25/cwt). Over the past four weeks, HR pricing has increased by $201 per ton ($10.05/cwt) or 24.8%.

Cold-rolled prices also moved higher. They increased by $11 per ton ($.55/cwt) as compared to the week prior and have moved higher by $190 per ton ($9.50/cwt) over the past four week period or, 20.8%.

Galvanized coil increased by $20 per ton ($1.00/cwt) compared to the previous week. Over the past four weeks galvanized has increased by 19.3%.

Provided courtesy of Steel Market Update ( www.steelmarketupdate.com )

The Steel Index – ALERT! – Prices Continue to Move Higher

The Steel Index – Prices Continue to Move Higher

Steel Business Briefing released The Steel Index of Reference Prices for the week ending May 4, 2008. The new numbers show that the market prices for hot rolled, cold rolled and galvanized have continued to move higher as compared to the week prior.

Hot-rolled prices showed a $5 per ton move to the upside ($.25/cwt). Over the past four weeks, HR pricing has increased by $201 per ton ($10.05/cwt) or 24.8%.

Cold-rolled prices also moved higher. They increased by $11 per ton ($.55/cwt) as compared to the week prior and have moved higher by $190 per ton ($9.50/cwt) over the past four week period or, 20.8%.>

Galvanized coil increased by $20 per ton ($1.00/cwt) compared to the previous week. Over the past four weeks galvanized has increased by 19.3%.

Provided courtesy of Steel Market Update [ www.steelmarketupdate.com]

SJF introduces Chameleon Carousel Controls™

PRESS RELEASE

Winsted, MN – (May 5, 2008) SJF Material Handling of Winsted, Minnesota has announced the introduction of Chameleon Carousel Controls™ for use with any make or model of vertical or horizontal carousel. Chameleon can be adapted to any carousel, says SJF’s President Stafford Sterner, even carousels declared obsolete or no longer supported by the manufacturer. Chameleon allows clients to once again utilize older systems they already have and put them back into operation. Chameleon was developed in response to the market’s need for an alternative custom solution that provides the necessary components needed to retrofit existing carousels with a fully functional control panel and touch screen interface.

Users can use the touch screen to select a bin location and automatically bring the part to the operations area. The carousel can also be run in Manual or Jog mode, and the system includes full diagnostics and error messages. Encoder type carousels can be “Homed” automatically, or proximity carousels can be positioned at any location.

“The key benefit Chameleon offers,” says Sterner “is the elimination of the need to purchase unwanted upgrades in order to maintain warranty and support on an existing system.Chameleon Carousel Controls provide an economical option.” For users requiring more sophisticated search and retrieval tools, SJF is currently testing a PC-based software control option due for release later this summer.

In business since 1979, SJF Material Handling Equipment (SJF.com) is a Winsted, Minnesota-based full service provider of new, used and “renewed” material handling equipment & services. Services offered include complete design, layout, engineering, installation, project management and systems integration services.

Read more about Chameleon Carousel Controls™ here.

No slowdown in astonishing scrap market uptrend

With robust demand registered in all regions across the world, scrap prices are continuing their astonishing upward movement. Each passing day it gets harder to find the morning price levels by the time evening comes.

Bulletin courtesy of Steel Orbis [http://www.steelorbis.com]

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