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1. www.fastmarkets.com › insights › do-oil-prices-stillDo oil prices still correlate with scrap and steel? - Fastmarkets

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   Jul 9, 2020 · A closer look at the correlations reveals that scrap is even more strongly correlated with oil than is steel. Over the period from the beginning of 2000 into the first half of 2020, correlations between HRC and busheling prices in the US versus the oil benchmark amounted to 76% and 84% respectively.

2. elements.visualcapitalist.com › sizing-up-the-oilSizing Up: The Oil Market vs Top 10 Metal Markets Combined

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   Jun 30, 2023 · The above infographic puts crude oil’s market size into perspective by comparing it to the 10 largest metal markets combined. To calculate market sizes, we used the latest price multiplied by global production in 2022, based on data from TradingEconomics and the United States Geological Survey .

3. www.fedsteel.com › insights › how-does-the-cost-ofHow Does The Cost Of Oil Affect The Steel Industry?

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   Feb 10, 2016 · Lower Overall Product Cost. One of the biggest variables in the cost to make steel is the cost of crude oil. There are a lot of people who are interested in getting lower cost products. Over the past year, the price of crude oil has dropped dramatically.

4. steelnow.com › blog › how-does-crude-oil-priceHow Crude Oil Impacts Steel - SteelNow

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   Stay ahead of the curve and make informed decisions by exploring the interplay between crude oil and steel prices at SteelNow. Trust us to provide you with the knowledge you need to navigate the dynamic steel market with confidence.

5. oilprice.com › Metals › CommoditiesSteel Producers Make Major Move to Improve Market ...

   oilprice.com › Metals › Commodities

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   May 6, 2024 · By Friday, May 3, Nucor’s price stood at $825 per short ton, while Cliffs stood at $850 per short ton. Meanwhile, HRC prices currently stand at $826 per short ton. Both Nucor and Cliffs cited...

6. www150.statcan.gc.ca › n1 › daily-quotidienThe Daily — Industrial product and raw materials price ...

   www150.statcan.gc.ca › n1 › daily-quotidien

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   Jan 18, 2023 · The Raw Materials Price Index ( RMPI) fell 3.1% on a monthly basis in December and increased 7.5% year over year. Lower prices for crude energy products ( -9 .3%) were mainly responsible for the monthly decrease in RMPI. Year over year, prices were 19.9% higher compared with December 2021.

7. People also ask

   How did the raw materials price index perform in December 2021?

   • The Raw Materials Price Index ( RMPI) fell 3.1% on a monthly basis in December and increased 7.5% year over year. Lower prices for crude energy products ( -9 .3%) were mainly responsible for the monthly decrease in RMPI. Year over year, prices were 19.9% higher compared with December 2021.

   Industrial product and raw materials price indexes, December 2022

   www150.statcan.gc.ca/n1/daily-quotidien/230118/dq230118a-eng.htm

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   Why did crude oil price drop in December?

   • The price of conventional crude oil fell 10.5% month over month in December, bringing the price of crude close to the level in January 2022, prior to Russia's invasion of Ukraine. A slight excess of global production over demand, as well as bearish economic sentiment, were partly behind the price drop.

   Industrial product and raw materials price indexes, December 2022

   www150.statcan.gc.ca/n1/daily-quotidien/230118/dq230118a-eng.htm

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   How did the industrial product price index perform in December?

   • In December, the Industrial Product Price Index ( IPPI) declined 1.1% month over month and was up 7.6% year over year. Prices for energy and petroleum products  ( -9 .8%) fell for a second consecutive month in December, leading the monthly decrease in the IPPI. Compared with December 2021, prices were up 31.8%.

   Industrial product and raw materials price indexes, December 2022

   www150.statcan.gc.ca/n1/daily-quotidien/230118/dq230118a-eng.htm

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   Why did gasoline prices fall?

   • Lower prices for finished motor gasoline  ( -1 4.6%) and diesel fuel  ( -8 .7%) were mainly responsible for the monthly decline in this group. These decreases were partially influenced by lower prices for crude oil, which fell partially on macroeconomic concerns as well as global production slightly in excess of demand.

   Industrial product and raw materials price indexes, December 2022

   www150.statcan.gc.ca/n1/daily-quotidien/230118/dq230118a-eng.htm

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8. finance.yahoo.com › news › fall-crude-oil-pricesHow The Fall In Crude Oil Prices Impacts Steel Companies

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   Dec 12, 2014 · The impact of falling crude prices on steel companies. The energy sector, which has been buoyant due to shale discoveries and rising production of crude oil, accounts for 10% of steel...