News & Analysis  - Metals


US steel scrap market scrounging for price relief
July 30, 2015
It's sizzling outside, but the US steel scrap market is leaving some cold. Scrap prices dropped during the July buy week, and August may face similar downward pressure.
Not so careless whispers: global steel prices whammed by summer downturn
July 28, 2015
With Chinese hot rolled coil (HRC) prices at the lowest they’ve been since we started assessing them in 2006, and US scrap prices down $20 month on month, our editors ponder just how low steel prices can go.
China's aluminum capacity still growing despite oversupply, weak prices
July 02, 2015
Platts editors look at why aluminum smelters in China are still expanding despite low prices and how continued expansion could affect prices in China and the rest of Asia.
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The Barrel Blog

July 29, 2015
Colin Richardson revels in what has been, and continues to be, a real pleasure being part of the market - or at least on its periphery.
July 27, 2015
Negotiating a union labor contract is often a slog. It gets more complicated if it’s a multi-year deal, and a bit treacherous if it’s a highly cyclical business.
July 23, 2015
Greg Smart analyzes what's behind the increase in China's appetite for refined nickel.
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Feature: Steel Raw Materials Outlook

July 14, 2015
The notion of Chinese iron ore mines closing for supplies to be replaced by cheaper imported tons from Australia and Brazil appears a trend yet to fully take hold, based on the latest trade data.
Also in this feature
Turkey scrap plunges on aggressive offers
Ferrous scrap prices into Turkey plunged July 13 as sources said US merchants launched aggressive offers July 10.
US, China steel trends dim Atlantic met coal outlook
The Atlantic coking coal markets July 13 found more price pressure as persistent weak steel trends took hold in most markets.

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Price Focus

Buying appetite in the Asia Pacific metallurgical coal market was lackluster on Nov 24 despite China's central bank cutting interest rates in a bid to boost the country's sluggish economy. Sentiment was weak, with many buyers cautious about their short-term procurement requirements. Most participants indicated they were not keen on taking December-loading cargoes as inventories were still high, though interest for January cargoes appeared better.

Steel Infographic

Platts steel team tasked our design and production department to take a wealth of steel raw materials data and transform those freshly mined (sic) numbers into something visually engaging. In this post we present you with the very interesting results. Derived from a variety of company sources and our own Steel Markets Daily and Steel Raw Materials Monthly publications, we’d like to hear your thoughts on the significance of the numbers for the global steel industry.

News Headlines

Pittsburgh (Platts)--30 Jul 2015 539 pm EDT/2139 GMT
The recent cold-rolled coil trade case filing will need additional support to really move steel prices, market sources said Thursday.
London (Platts)--30 Jul 2015 947 am EDT/1347 GMT
South Africa's Northam Platinum, one of the world's top 10 platinum miners, said Thursday that a wage agreement at its Zondereinde mine has been been reached with the National Union of Mineworkers, with entry level underground employees getting a 13% rise in the first year of a three-year package.
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Steel, Ferrous Scrap, Ferroalloys and Noble Alloys methodologyPublished December 2014

The Steel, Ferrous Scrap, Ferroalloys and Noble Alloys guide contains the primary specifications and methodologies for Platts Steel and Ferrous Scrap global catalogue of price assessments.

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