07/14/2026
📊 Scrap & Economic Report — July 13, 2026
The ceasefire was declared over. Oil rose. Mortgage rates hit 6.64%. And rate hike fears sent the Dow down 196 points. Here is your weekly snapshot:
✅ Steel: 1.856MT — up 6.0% YTD
✅ HRC Steel: $1,174/T — up 34% in 12 months
✅ Copper: $6.28/lb — AI demand and peace talk optimism
✅ Aluminum: $1.43/lb — rising on inventory shortages
✅ U.S. crude production: 13.86Mb/d — rising on good demand
✅ Consumer optimism: 45.5 — improving
✅ Composite PMI: 51.9 — manufacturing and services expanding
⚠️ Oil: $71.41/b — ceasefire declared over; talks restarted
⚠️ Scrap HMS: $363.67/GT — slight dip on slow demand
⚠️ Trade deficit: -$77.6B — widened sharply
⚠️ Mortgage rate: 6.64% — rising on inflation concerns
⚠️ Home sales: -2.4% to 4.09M — high rates hurting buyers
⚠️ Dow: -196 to 52,637 — rate hike fears creating ceiling
Full report at benlee.com. Have a safe and profitable week! 💪
— Greg Brown, BENLEE Roll-off Trailers
🔗 https://youtu.be/WAVRiRrZ3z4?si=IcFeDCbGr6SDqgWM
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