The case for the đ:
- Dow Jones up from 28,725 to 32,861 (+12.5%)
- Crude Oil WTI up from $87.55 from $79.67 (+9%)
- Pig Iron up from $519 to $550 / MT (+5.6%)
- Zorba up from $.62 to $.68 / lb (+8.8%)
The case for the đ»:
- Iron ore down to 93.01 from 98.31 (-5.4%)
- HRC futures are down from $776 to $710 / tn (-8.5%)
- Shanghai Steel Rebar down from 3,936 to 3,441 CNY / tn (-12.5%)
- HRC December futures are down from $765 to $665 / tn (-13%)
- Turkey HMS 80:20 down from $368 to $356 / MT (-3.3%)
Worth mentioning:
- Crude Steel Production is down to a year low of 76.4%.
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Check out the Scrap Factor Report:
Monthly Scrap Factor Report Nov 2022
.pdf
Download PDF âą 3.35MB
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A Scrap Life's Bulls vs Bears Podcast for June will be out soon, check out the link below.
