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๐Ÿ”ฅ Metal Market Trends December Updates! ๐Ÿ”ฅ

I hope this update finds you riding the wave of success! ๐Ÿ„โ€โ™‚๏ธ In this month's edition, we're diving deep into the red-hot trends steering the steel and scrap metal industry. Get ready for a rollercoaster of market madness, where every dip and surge tells a tale of opportunity!

๐Ÿ“Š Mastering Market Trends: Month-to-Month Analysis ๐Ÿ“ˆ

๐Ÿƒ Bull Case ๐Ÿš€

- SP500 teeters on the brink of all-time highs, and optimism reigns as the Fed battles inflation. ๐Ÿ“ˆ๐Ÿ‚

- Iron ore surges from 130.60 to 136.07 per ton, marking an impressive 4.2% uptick. ๐Ÿ’ฐ๐Ÿ“ˆ

- Pig iron follows suit, catapulting $449.50 to $472.50 per ton, showcasing a robust 5.1% increase. ๐Ÿ“Š๐Ÿ“ˆ

- Flat steel utilization rates in the US maintain month-over-month stability, with a year-on-year growth of 3.1%. ๐Ÿ‡บ๐Ÿ‡ธ๐Ÿ“ˆ

- HRC futures skyrockets, ascending by 1,044 to reach $1,155 per ton, an impressive 10.6% surge. ๐Ÿ”ฅ๐Ÿ“ˆ

- 80:20 HMS impressively escalates by $410.48 to reach $430.30 per ton, marking a notable 4.8% uptrend. ๐Ÿ“ˆ๐Ÿ”

๐Ÿป Bear Case ๐Ÿ“‰

- The indicative curve of HRC future market projects a downturn in the coming months, with January at $1,155 compared to April's $930 per ton, reflecting a substantial 19.5% decline. ๐Ÿ“‰๐Ÿป

- Unusual warm weather in the Midwest leads to increased scrap flows, a deviation from typical seasonal patterns. ๐ŸŒก๏ธ๐Ÿ”„

๐Ÿ“Œ Noteworthy Observations ๐Ÿง

- The Turkey Rebar to scrap spread suggests that without robust rebar demand, it's challenging for scrap prices to ascend significantly. Additionally, the busheling futures market hints at a cooling in overall market settlement throughout the month. ๐Ÿ”„๐Ÿ’ก

Your success is our mission, and we're here to arm you with the insights you need to conquer these thrilling times. Do you have questions or craving more details? Dive into the madness โ€“ reach out to us anytime!

Thanks a ton for trusting us as your market intel source.

Monthly Scrap Factor Report Dec 23
Download PDF โ€ข 4.26MB


A Scrap Life's Bulls vs Bears Podcast will be out soon, check out the link below.

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