Return-Path: Delivered-To: info@sterlingcal.com Received: from reseller401.webserversystems.com by reseller401.webserversystems.com with LMTP id 5Q1ZAUhREWjj/gYAchKAPA (envelope-from ) for ; Tue, 29 Apr 2025 17:23:04 -0500 Return-path: Envelope-to: info@sterlingcal.com Delivery-date: Tue, 29 Apr 2025 17:23:04 -0500 Received: from mail44.pdu128.zcsend.net ([165.173.128.44]:51399) by reseller401.webserversystems.com with esmtps (TLS1.2) tls TLS_ECDHE_RSA_WITH_AES_256_GCM_SHA384 (Exim 4.98.1) (envelope-from ) id 1u9tLy-00000001vES-2XjR for info@sterlingcal.com; Tue, 29 Apr 2025 17:23:03 -0500 Received: from senderb31.zcsend.net (10.40.13.61) by mail44.pdu128.zcsend.net id h258jo2rodo1 for ; Tue, 29 Apr 2025 15:22:51 -0700 (envelope-from ) Received: from 10.75.159.112 by senderb31.zcsend.net with SMTP id 174596537015363154; Tue, 29 Apr 2025 15:22:50 -0700 DKIM-Signature: a=rsa-sha256; b=Z42KEDgu5EjOMtPDQeXZnJtYWsZj1guyFdEULduWl1Rmm4+OVX8gMWGr7R85TS6YhBTu609RHqkyoAGk10971NfwqvHd/r7tloonc2uHK2gjtVeUevwVafnijKkIt/JYVVzru7w8RQ9JEeHDKzKPUm8+uVMrotJ+DwulhFv5p7k=; c=simple/simple; s=81024; d=staalx.com; v=1; bh=BH6F7AbuQv7ckZ01rbtqadnkq6Cn10lgKqfXrekuo3Y=; h=date:date:from:from:to:to:message-id:subject:subject:mime-version:content-type:list-unsubscribe:list-unsubscribe:list-unsubscribe-post:x-csa-complaints; DKIM-Signature: a=rsa-sha256; b=FRuMtJ91tOrKkjRn4Ajxs8V0efqJwyp1nt1Td0BUko5AGikDUmYFCMMYoOgyJC9BbxNEu5H20GpuR5sBYkRwq7cqsPnvNx5nSrI2RlABbd3J1uIjEG9J/Yme9JQx2wAfo0QJaSwTOkjP5DmPDjnqHbbV25eVO9zuKKlbdWe2ASI=; c=simple/simple; s=k1; d=mail3.zgph.zcmail.net; v=1; bh=BH6F7AbuQv7ckZ01rbtqadnkq6Cn10lgKqfXrekuo3Y=; h=date:date:from:from:to:to:message-id:subject:subject:mime-version:content-type:list-unsubscribe:list-unsubscribe:list-unsubscribe-post:x-csa-complaints; Date: Tue, 29 Apr 2025 15:22:50 -0700 (PDT) From: "StaalX Team" To: Andrew Sterling Message-ID: Subject: Scrap prices are softening MIME-Version: 1.0 Content-Type: multipart/alternative; boundary="----=_Part_8766155_585958619.1745965370131" List-Unsubscribe: , List-Unsubscribe-Post: List-Unsubscribe=One-Click X-CSA-Complaints: csa-complaints@eco.de Reply-To: campaign_769017310+zcreply.1c08f772a409f2a1@zcsend.net X-JID: 3zbbfd3107516e2747240afb213f83dea99f3114ab6bc11315f109b5f5525d0f45.1c08f772a409e202 X-campaignid: zohocampaigns.3zbbfd3107516e2747240afb213f83dea99f3114ab6bc11315f109b5f5525d0f45.zcb.1c08f772a409f2a1.11699e4be64900f X-Zoho-RID: zohocampaigns.3zbbfd3107516e2747240afb213f83dea99f3114ab6bc11315f109b5f5525d0f45.zcb.1c08f772a409f2a1.11699e4be64900f X-Mailer: Zoho Campaigns X-Report-Abuse: , X-Spam-Status: No, score=-2.1 X-Spam-Score: -20 X-Spam-Bar: -- X-Spam-Flag: NO ------=_Part_8766155_585958619.1745965370131 Content-Type: text/plain;charset="UTF-8" Content-Transfer-Encoding: quoted-printable https://staalx.com StaalX Newsletter, April 29, 2025 (Scroll down for Steelorbis news) Updates From This Week http://staalx.com Scrap prices are softening Will the mills be able to keep the prices the same? Another month of softening is expected in May for scrap on top of the overa= ll drop in April of $40 per ton. Flat rolled pricing has peaked and softing and therefore putting some downw= ard pressure on scrap prices. While the long products prices have been stab= le for now, they might crack under the two months of scrap pricing decay an= d the market is becoming increasingly fragile with the economic uncertainti= es of our times. Prominent economists are giving more than 50% chance that the US will fall = into a recession due to on again off again reciprocal tariffs of the "Liber= ation Day", that raises the overall average effective tariff rate of 27%. T= his is the highest rate since 1903 and higher than the Smoot-Hawley Act of = 1930 that deepened the Great Depression. For those who are dabbling in rebar, it feels that we are already in recess= ion. Despite all other steel products pricing went up in March, rebar price= s didn't move at all but the mills were able to keep the line in April so f= ar and did not give a lot of price concessions so far. Another scrap hit ca= n move this line in May. On the wire rods side, US mills are still relatively busy as the heavy impo= rters from Canada are now facing 25% tariffs and trying to sort out how the= y can still be active in the US market. In the meantime, their order backlo= g for the US went down significantly. Also, Liberty Steel in Peoria, IL is still trying to come back from a long = shut down. While it seems imminent some production will start soon, normal = operations and supplying rods to the usual customer base must be at least a= nother month away. In the meantime, imports from Vietnam and North Africa a= re filling the gap and keeping the wire companies well supplied. Despite the double scrap decrease expectations in April and May, domestic m= ills may be full enough to keep the prices the same in May. Beyond that it = will be a question of demand. Anecdotal evidence is that the wire drawers h= ave started seeing decreases in monthly sales and bookings too. With consum= ption softening, large import shipments arriving and Liberty pumping some t= ons into the market, prices may indeed soften and get closer to the rebar p= rices come summer. Weekly Poll How do you see the steel long products pricing in the US to trend in May? * https://qprdy-zgpvh.maillist-manage.net/poll.zc?pollid=3D8672150000192641= 69&od=3D3zbbfd3107516e2747240afb213f83dea99f3114ab6bc11315f109b5f5525d0f45 = 1. Will increase * https://qprdy-zgpvh.maillist-manage.net/poll.zc?pollid=3D8672150000192641= 71&od=3D3zbbfd3107516e2747240afb213f83dea99f3114ab6bc11315f109b5f5525d0f45 = 2. Will stay the same * https://qprdy-zgpvh.maillist-manage.net/poll.zc?pollid=3D8672150000192641= 73&od=3D3zbbfd3107516e2747240afb213f83dea99f3114ab6bc11315f109b5f5525d0f45 = 3. Will decrease Last Week's Poll Results Building Trust One Ton at a Time Gathering bids can take up your precious time. Know you are getting the bes= t price delivered to your door when you use http://staalx.com StaalX.com . = Registering on the site allows you to place orders in just a few clicks. So= on, new benefits will be available to our registered users. Ask us how our = system can help you save time and money. https://www.linkedin.com/company/rebar-revolution/ From our content partner, SteelOrbis http://steelorbis.com US domestic rebar and wire rod pricing flat on week though prices could trend lower near term Thursday, 24 April 2025 20:45:19 (GMT+3) San Diego US domestic rebar and wire rod prices were flat this week, though pricing could trend down in the near term, as domestic demand remain= s weak and US scrap prices are seen lower for May, long steel market insiders told SteelOrbis. Following lower April price settles, US Midwest May prime and shredded scrap prices are expected to settle between $10-30/gt ($10-30/= mt) less during monthly supply negotiations, owing to continued reports of plentiful supply at local yards and reduced domestic and international dema= nd for new scrap. In the weekly rebar spot markets, domestic supply on an FOB mill basis is assessed with most transactions noted at $38.00-39.50/cwt. ($760-790/nt or $838-871/mt), on average $38.75/cwt. ($775/nt or $854/mt), unchanged from seven days ago. "Buyers are taking a very conservative approach to buying steel at the moment," said one SteelOrbis long steel insider. "With recent decrease in purchases, domestic rebar and wire rod pricing has stayed very steady for several weeks now," he said. In the domestic wire rod market, most transactions were reported this week at $45.50-46.50/cwt. ($910-930/nt or $1,003-1,025/mt), o= r an average of $46.00/cwt. ($920/nt or $1,014/mt), unchanged from seven days ag= o. Insiders report that the downed Liberty Steel wire and rod plant remains offline, so domestic supplies remain tight, even as wire rod demand struggl= es. Insiders said that like the recent rally in flat steel pricing, long steel pricing increases appear to have moderated, partly the result of reduced prices seen for April and May scrap amid reduced mill dem= and for finished steel and partly the result of recent actions by the US Trump administration on implement 25 percent tariffs on imported steel and alumin= um. Continued uncertainty over tariffs, the contacts say, is preventing longer-= term investments in infrastructure projects that normally increase yearly demand= for long steel products like rebar and wire rod. "People seem to be also taking a more conservative approach to infrastructure project starts,=E2=80=9D the insider added. "Wit= h the tariffs in place, US mills are likely to start lowering their prices to ret= ain market share in the face of imports." US import rebar and wire rod pricing flat to down with declining US May scrap, tariff and shipping concerns still an issue Thursday, 24 April 2025 20:55:33 (GMT+3) San Diego US Import rebar and wire rod pricing was steady to lower this week amid a growing market outlook for lower US scrap pricing for May, amid continued concerns over steel tariffs and issues with the movement of commodities on Chinese ships, market insiders told SteelOrbis. Insiders said imports into the US are likely to remain minimal in the near term because many countries previously exempt from tari= ffs under the Biden administration are now subject to minimum 25 percent import tariffs on steel and aluminum. "As US scrap prices decline for May, even as domestic supplies remain tight with the Liberty plant still offline, it is questiona= ble whether these current prices are sustainable," said one long steel import insider. "Like what we saw in US flat steel pricing, I'm hearing long steel pricing remains fairly stable, but leaning lower," he said. "We may have peaked for now on long steel import pricing." Imported rebar on a loaded truck basis at the US Gulf Coast and US East Coast remains flat amid limited US demand at $36.50-38.50 cwt. ($730-770/nt or $805-849/mt), or on average $37.50/cwt., versus $37.00-38.00/cwt. ($740-760/nt or $816-838/mt) three weeks earlier. May imp= ort shipments from Egypt, Algeria and Vietnam for June-July delivery into the U= S Gulf Coast are discussed flat yet again at $38.00-39.00/cwt. ($760-780/nt o= r $838-860/mt). In the Mexican long steel export market, trading remains quiet and slow as 25 percent tariffs limit available trade opportunities. Import rebar on a loaded truck basis vicinity Houston, Texas, from availabl= e US stock is reported slightly lower at $36.75-38.75/cwt. ($735-775/nt or $810-854/mt), versus week-earlier trades at $37.00-39.00/cwt. ($740-780/nt = or $816-860/mt), market insiders told SteelOrbis. The import insider added that as Section 232 steel tariffs of 25 percent are now in effect, import shipments on rebar from North Afric= a, Malaysia, and Vietnam are likely to rise as buyers adjust their supply chai= ns to make up the supply shortfall from previous lower-priced sales originatin= g out of Bulgaria and the Ukraine. Those steel deliveries were previously exe= mpt from import tariffs. "While some import buyers are not booking because of the tariffs, we're not yet seeing a shortage of sales out of Egypt," he said. "However, we are expecting to see a price correction later in April or May." In other import rebar markets, pricing for import rebar on a CFR, free-out basis at the US Gulf Coast was discussed on average $5/mt ($5= /nt) less at $615-635/mt, off from $620-640/mt one week earlier. Insiders said J= une scrap prices could be bolstered as increased purchases are made to cover th= e rebar production that is expected to commence at the new 600,000 ton per ye= ar Hybar rebar mill in Osceola, Arkansas. The price of imported wire rod mesh on a DDP loaded truck basis remained flat this week as a result of solid domestic sales, even as = the status of the downed Liberty Steel plant remains uncertain. Pricing is last assessed unchanged at $37.50-39.50/cwt. ($750-790/nt or $827-871/mt). "The shipping markets are in a tense calm,=E2=80=9D remarked another Gulf Coast long steel importer to SteelOrbis. Recently, US presiden= t Trump released a plan through the US Trade Representative to assess Chinese ships a $50/nt fee based on a ships gross weight. The fee, which may go int= o effect on October 14, would increase $30/nt over the next three years. Insiders told SteelOrbis the new plan is seen as less disruptive than an earlier version put forth by the US Trade Representative= in March calling for port fees ranging from $1.5-3.5 million per Chinese ship = per port call. "The new plans mostly target larger ships," the insider said of the new proposed Chinese shipping fees. "Overall, my shipping contacts tell me the fees are not as bad as originally thought," he said. "Most lower weight ships will be exempt, and it won't really affect steel. There is also a 180-day adjustment period, so no one is going= to turn into a pumpkin waiting for the steel deliveries to arrive." May US scrap pricing seen down with increased flows into domestic yards, peak prices for finished steel noted Thursday, 24 April 2025 19:59:33 (GMT+3) San Diego US scrap pricing for the month of May is seen sideways to about $20/gt ($20/mt) less this week amid reports of increased scrap flows = into domestic yards and as claims continue that limited US demand for finished s= teel has caused domestic flat and long steel pricing to peak, meaning mills migh= t require less scrap during May supply negotiations, market insiders told SteelOrbis this week. And, while it still remains early in the monthly scrap price assessment process, in the US Midwest, Ohio Valley prime busheling scrap is expected to settle at least $20/gt ($20/mt) less than its April counterpart= . "We're seeing better weather for scrap deliveries and increased in-bound flows into local yards," said one Midwest scrap insider. "(Lower pricing) on flows of HMS and other cut grades, are part of the continuing softness that we have seen over the last few months. As o= f right now, the call for Midwest cuts is sideways, while shredded scrap is s= een slightly down." The insider said the current level of industry uncertainty remains high, especially for June scrap pricing, depending on whether a rec= ent pull back in overseas scrap market pricing continues. June is also the mont= h when increased US scrap purchases could occur as buyers in the US South wil= l be procuring scrap to fuel output from the new 600,000 ton per year Hybar reba= r mill located in Osceola, Arkansas. "There's so many uncertainties with the new tariff environment," the insider said. "If the demand from scrap export markets comes back, it might result in less (domestic) tons being made available, which could be supportive for US prices." Recently, US prices for flat rolled coils have retreated as well towards $875-925/nt ($965-1,020/mt), or $43.75-46.25/cwt., about $35/n= t less on the week. According to SteelOrbis data, HRC prices peaked at $950/n= t ($1,047/mt), or $47.50/cwt., in mid-March and once again in early April. "Buyers are sitting and waiting on additional HRC sales because there's just too much uncertainty in the market right now," said another flat steel insider. Long steel markets, which use scrap as mill input, report "prices may have peaked for now," with domestic rebar on an FOB mill basis is assessed with most transactions noted at $38.00-39.50/cwt. ($760-790/nt or $838-871/mt), on average $38.75/cwt. ($775/nt or $854/mt), unchanged from seven days ago. "Buyers are taking a very conservative approach to buying steel at the moment," said one SteelOrbis long steel insider. "With a recent decrease in purchases, domestic rebar and wire rod pricing has stayed very steady for several weeks now," he said. Based on a $20/gt decline estimate for May, prime busheling and shredded scrap for May delivery could settle near $445-470/gt ($452-478/mt), while shredded scrap could settle near $395-400/gt ($401-406/mt). Cut grades are currently expected to settle sideways for May meaning HMS1 could settle near $365-385/gt ($371-391/mt), while P&S scrap is seen flat to April values at $401-411/gt ($407-418/mt). And while no concrete estimates are yet available for East Coast scrap grades, following on April declines, and considering recent declines in global scrap pricing, most insiders expect domestic scrap prici= ng for May to reflect similar declines seen during April supply negotiations, = when levels were off between $20-40/gt ($20-41/mt) Do you have any questions? Check out our FAQ! Check out the most frequently asked questions about the service and product= s of StaalX. We are always here to chat with you in the chat boxes from the= site or on the support telephone number below. https://www.staalx.com/faqs FAQs Contact us support@staalx.com or +1 (708) 697-3227 Follow StaalX on https://www.linkedin.com/company/rebar-revolution https://www.linkedin.com/company/rebar-revolution LinkedIn https://www.facebook.com/Staal.X/ https://www.facebook.com/Staal.X/ Facebook https://www.instagram.com/staal.x/ https://www.instagram.com/staal.x/ Instagram https://www.twitter.com/rebarrevolution https://www.twitter.com/rebarrevolution X Want to change how you receive these emails? You can https://qprdy-zgpvh.maillist-manage.net/ua/optout?od=3D3zbbfd310751= 6e2747240afb213f83dea99f3114ab6bc11315f109b5f5525d0f45&rd=3D1c08f772a409f2a= 1&sd=3D1c08f772a409e609&n=3D11699e4be64900f Unsubscribe or https://qprdy-zg= pvh.maillist-manage.net/ua/commpref?od=3D3zbbfd3107516e2747240afb213f83dea9= 9f3114ab6bc11315f109b5f5525d0f45&rd=3D1c08f772a409f2a1&sd=3D1c08f772a409e60= 9&n=3D11699e4be64900f Update your preferences ------=_Part_8766155_585958619.1745965370131 Content-Type: text/html;charset="UTF-8" Content-Transfer-Encoding: quoted-printable Scrap prices are softening =09 =09 Long prices still trend up as scrap demand is strong
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StaalX Newsletter, April 29, 2025  (Scroll down for Steelorbis news)

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Updates = From This Week 

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= Scrap prices are softening


Will the mills be abl= e to keep the prices the same? 

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Anothe= r month of softening is expected in May for scrap on top of the overall dro= p in April of $40 per ton. 


 Flat rolled pricing has= peaked and softing and therefore putting some downward pressure on scrap p= rices. While the long products prices have been stable for now, they migh= t crack under the two months of scrap pricing decay and the market is becom= ing increasingly fragile with the economic uncertainties of our times. = ;


<= font color=3D"#000000" face=3D"Arial, Helvetica" style=3D"font-size: 12pt;c= olor:#000000;"> Prominent economists are giving more than 50% chance t= hat the US will fall into a recession due to on again off again reciprocal = tariffs of the "Liberation Day", that raises the overall average = effective tariff rate of 27%. This is the highest rate since 1903 and high= er than the Smoot-Hawley Act of 1930 that deepened the Great Depression.

For those who are dabbling in rebar, it feels that we are alread= y in recession. Despite all other steel products pricing went up in March,= rebar prices didn't move at all but the mills were able to keep the line i= n April so far and did not give a lot of price concessions so far. Another= scrap hit can move this line in May. 


On the wire rods s= ide, US mills are still relatively busy as the heavy importers from Canada = are now facing 25% tariffs and trying to sort out how they can still be act= ive in the US market. In the meantime, their order backlog for the US went= down significantly. 


 Also, Liberty Steel in Peoria= , IL is still trying to come back from a long shut down. While it seems im= minent some production will start soon, normal operations and supplying rod= s to the usual customer base must be at least another month away. In the m= eantime, imports from Vietnam and North Africa are filling the gap and keep= ing the wire companies well supplied. 


Despite th= e double scrap decrease expectations in April and May, domestic mills may b= e full enough to keep the prices the same in May. Beyond that it will be a= question of demand. Anecdotal evidence is that the wire drawers have star= ted seeing decreases in monthly sales and bookings too. With consumption s= oftening, large import shipments arriving and Liberty pumping some tons int= o the market, prices may indeed soften and get closer to the rebar prices c= ome summer.

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How do you see the st= eel long products pricing in the US to trend in May?

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Last Week's Poll Results

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Building Trust One Ton at a Time

Gather= ing bids can take up your precious time. Know you are getting the best pric= e delivered to your door when you use StaalX.com. Registering on the site allows = you to place orders in just a few clicks. Soon, new benefits will be availa= ble to our registered users. Ask us how our system can help you save time a= nd money.

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From our con= tent partner, SteelOrbis

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US domestic rebar and wire rod prici= ng flat on week though prices could trend lower near term

Thursday, 24 April 2025 20:45:19 (GMT+3) San Diego


US dom= estic rebar and wire rod prices were flat this week, though pricing could trend down in the near term, as domestic demand remain= s weak and US scrap prices are seen lower for May, long steel market insiders told SteelOrbis.


Follow= ing lower April price settles, US Midwest May prime and shredded scrap prices are expected to settle between $10-30/gt ($10-30/= mt) less during monthly supply negotiations, owing to continued reports of plentiful supply at local yards and reduced domestic and international dema= nd for new scrap.


In the= weekly rebar spot markets, domestic supply on an FOB mill basis is assessed with most transactions noted at $38.00-39.50/cwt. ($760-790/nt or $838-871/mt), on average $38.75/cwt. ($775/nt or $854/mt), unchanged from seven days ago.


"= Buyers are taking a very conservative approach to buying steel at the moment," said one SteelOrbis long steel insider. "With recent decrease in purchases, domestic rebar and wire rod pricin= g has stayed very steady for several weeks now," he said.


In the= domestic wire rod market, most transactions were reported this week at $45.50-46.50/cwt. ($910-930/nt or $1,003-1,025/mt), o= r an average of $46.00/cwt. ($920/nt or $1,014/mt), unchanged from seven days ag= o. Insiders report that the downed Liberty Steel wire and rod plant remains offline, so domestic supplies remain tight, even as wire rod demand struggl= es.


Inside= rs said that like the recent rally in flat steel pricing, long steel pricing increases appear to have moderated, partly the result of reduced prices seen for April and May scrap amid reduced mill dem= and for finished steel and partly the result of recent actions by the US Trump administration on implement 25 percent tariffs on imported steel and alumin= um. Continued uncertainty over tariffs, the contacts say, is preventing longer-= term investments in infrastructure projects that normally increase yearly demand= for long steel products like rebar and wire rod.


"= People seem to be also taking a more conservative approach to infrastructure project starts,” the insider added. "= With the tariffs in place, US mills are likely to start lowering their prices to ret= ain market share in the face of imports."


US import rebar and wire rod pricing flat= to down with declining US May scrap, tariff and shipping concerns still an issue

Thursday, 24 April 2025 20:55:33 (GMT+3) San Diego


<= font color=3D"#000000" face=3D"Arial, Helvetica" style=3D"font-size: 12pt;c= olor:#000000;">US Import rebar and wire rod pricing was steady to lower this week amid a growing market outlook for lower US scrap pricing for May, amid continued concerns over steel tariffs and issues with the movement of commodities on Chinese ships, market insiders told SteelOrbis.


<= font color=3D"#000000" face=3D"Arial, Helvetica" style=3D"font-size: 12pt;c= olor:#000000;">Insiders said imports into the US are likely to remain minimal in the near term because many countries previously exempt from tari= ffs under the Biden administration are now subject to minimum 25 percent import tariffs on steel and aluminum.


<= font color=3D"#000000" face=3D"Arial, Helvetica" style=3D"font-size: 12pt;c= olor:#000000;">"As US scrap prices decline for May, even as domestic supplies remain tight with the Liberty plant still offline, it is questiona= ble whether these current prices are sustainable," said one long steel imp= ort insider. "Like what we saw in US flat steel pricing, I'm hearing long steel pricing remains fairly stable, but leaning lower," he said. &quo= t;We may have peaked for now on long steel import pricing."


<= font color=3D"#000000" face=3D"Arial, Helvetica" style=3D"font-size: 12pt;c= olor:#000000;">Imported rebar on a loaded truck basis at the US Gulf Coast and US East Coast remains flat amid limited US demand at $36.50-38.50 cwt. ($730-770/nt or $805-849/mt), or on average $37.50/cwt., versus $37.00-38.00/cwt. ($740-760/nt or $816-838/mt) three weeks earlier. May imp= ort shipments from Egypt, Algeria and Vietnam for June-July delivery into the U= S Gulf Coast are discussed flat yet again at $38.00-39.00/cwt. ($760-780/nt o= r $838-860/mt).


<= font color=3D"#000000" face=3D"Arial, Helvetica" style=3D"font-size: 12pt;c= olor:#000000;">In the Mexican long steel export market, trading remains quiet and slow as 25 percent tariffs limit available trade opportunities. Import rebar on a loaded truck basis vicinity Houston, Texas, from availabl= e US stock is reported slightly lower at $36.75-38.75/cwt. ($735-775/nt or $810-854/mt), versus week-earlier trades at $37.00-39.00/cwt. ($740-780/nt = or $816-860/mt), market insiders told SteelOrbis.

<= font color=3D"#000000" face=3D"Arial, Helvetica" style=3D"font-size: 12pt;c= olor:#000000;">The import insider added that as Section 232 steel tariffs of 25 percent are now in effect, import shipments on rebar from North Afric= a, Malaysia, and Vietnam are likely to rise as buyers adjust their supply chai= ns to make up the supply shortfall from previous lower-priced sales originatin= g out of Bulgaria and the Ukraine. Those steel deliveries were previously exe= mpt from import tariffs. "While some import buyers are not booking because= of the tariffs, we're not yet seeing a shortage of sales out of Egypt," h= e said. "However, we are expecting to see a price correction later in Ap= ril or May."


<= font color=3D"#000000" face=3D"Arial, Helvetica" style=3D"font-size: 12pt;c= olor:#000000;">In other import rebar markets, pricing for import rebar on a CFR, free-out basis at the US Gulf Coast was discussed on average $5/mt ($5= /nt) less at $615-635/mt, off from $620-640/mt one week earlier. Insiders said J= une scrap prices could be bolstered as increased purchases are made to cover th= e rebar production that is expected to commence at the new 600,000 ton per ye= ar Hybar rebar mill in Osceola, Arkansas.


=

<= font color=3D"#000000" face=3D"Arial, Helvetica" style=3D"font-size: 12pt;c= olor:#000000;">The price of imported wire rod mesh on a DDP loaded truck basis remained flat this week as a result of solid domestic sales, even as = the status of the downed Liberty Steel plant remains uncertain. Pricing is last assessed unchanged at $37.50-39.50/cwt. ($750-790/nt or $827-871/mt).


<= font color=3D"#000000" face=3D"Arial, Helvetica" style=3D"font-size: 12pt;c= olor:#000000;">"The shipping markets are in a tense calm,” remar= ked another Gulf Coast long steel importer to SteelOrbis. Recently, US presiden= t Trump released a plan through the US Trade Representative to assess Chinese ships a $50/nt fee based on a ships gross weight. The fee, which may go int= o effect on October 14, would increase $30/nt over the next three years.


<= font color=3D"#000000" face=3D"Arial, Helvetica" style=3D"font-size: 12pt;c= olor:#000000;">Insiders told SteelOrbis the new plan is seen as less disruptive than an earlier version put forth by the US Trade Representative= in March calling for port fees ranging from $1.5-3.5 million per Chinese ship = per port call.


<= font color=3D"#000000" face=3D"Arial, Helvetica" style=3D"font-size: 12pt;c= olor:#000000;">"The new plans mostly target larger ships," the insider said of the new proposed Chinese shipping fees. "Overall, my shipping contacts tell me the fees are not as bad as originally thought,&qu= ot; he said. "Most lower weight ships will be exempt, and it won't really affect steel. There is also a 180-day adjustment period, so no one is going= to turn into a pumpkin waiting for the steel deliveries to arrive."



=

=

May US scrap pricing seen down with increased flows into domestic yards, peak prices for finished steel noted

Thursday, 24 April 2025 19:59:33 (GMT+3) San Diego


US scr= ap pricing for the month of May is seen sideways to about $20/gt ($20/mt) less this week amid reports of increased scrap flows = into domestic yards and as claims continue that limited US demand for finished s= teel has caused domestic flat and long steel pricing to peak, meaning mills migh= t require less scrap during May supply negotiations, market insiders told SteelOrbis this week.


And, w= hile it still remains early in the monthly scrap price assessment process, in the US Midwest, Ohio Valley prime busheling scrap is expected to settle at least $20/gt ($20/mt) less than its April counterpart= .


"= We're seeing better weather for scrap deliveries and increased in-bound flows into local yards," said one Midwest scrap insider. "(Lower pricing) on flows of HMS and other cut grades, are pa= rt of the continuing softness that we have seen over the last few months. As o= f right now, the call for Midwest cuts is sideways, while shredded scrap is s= een slightly down."


The in= sider said the current level of industry uncertainty remains high, especially for June scrap pricing, depending on whether a rec= ent pull back in overseas scrap market pricing continues. June is also the mont= h when increased US scrap purchases could occur as buyers in the US South wil= l be procuring scrap to fuel output from the new 600,000 ton per year Hybar reba= r mill located in Osceola, Arkansas.


"= There's so many uncertainties with the new tariff environment," the insider said. "If the demand from scrap export markets comes back, it might result in less (domestic) tons being made available, which could be supportive for US prices."

Recent= ly, US prices for flat rolled coils have retreated as well towards $875-925/nt ($965-1,020/mt), or $43.75-46.25/cwt., about $35/n= t less on the week. According to SteelOrbis data, HRC prices peaked at $950/n= t ($1,047/mt), or $47.50/cwt., in mid-March and once again in early April.

"= Buyers are sitting and waiting on additional HRC sales because there's just too much uncertainty in the market right now," sa= id another flat steel insider.

Long s= teel markets, which use scrap as mill input, report "prices may have peaked for now," with domestic rebar on an FOB m= ill basis is assessed with most transactions noted at $38.00-39.50/cwt. ($760-790/nt or $838-871/mt), on average $38.75/cwt. ($775/nt or $854/mt), unchanged from seven days ago.


"= Buyers are taking a very conservative approach to buying steel at the moment," said one SteelOrbis long steel insider. "With a recent decrease in purchases, domestic rebar and wire rod pric= ing has stayed very steady for several weeks now," he said.


Based = on a $20/gt decline estimate for May, prime busheling and shredded scrap for May delivery could settle near $445-470/gt ($452-478/mt), while shredded scrap could settle near $395-400/gt ($401-406/mt). Cut grades are currently expected to settle sideways for May meaning HMS1 could settle near $365-385/gt ($371-391/mt), while P&S scrap is seen flat to April values at $401-411/gt ($407-418/mt).


<= /p>

And wh= ile no concrete estimates are yet available for East Coast scrap grades, following on April declines, and considering recent declines in global scrap pricing, most insiders expect domestic scrap prici= ng for May to reflect similar declines seen during April supply negotiations, = when levels were off between $20-40/gt ($20-41/mt)

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