Scrap Prices North America
December 13, 2018
CRU: Metallics Markets Begin Cooling on Higher Supply, Policy Changes
Written by Ryan McKinley
By CRU Senior Editor Ryan McKinley, from CRU’s Steelmaking Raw Materials Monitor
Upward momentum for the CRU metallics price indicator (CRUmpi) slowed in July, but still rose by 2.8% m/m to 413.5. Metallics price increases were strongest in Europe amid high steel demand, with both HBI and scrap prices there rising from June levels. Scrap prices in other regions were either stable or declined m/m, while pig iron prices dropped as Russian exporters looked to rid themselves of material ahead of imposition of a new export tariff.
