Scrap Prices North America
November 14, 2019
CRU: Scrap Prices Find Floor as Supply Dries Up and Demand Returns
Written by Ryan McKinley
By Senior Analyst Ryan McKinley, from CRU’s Steel Metallics Monitor
The CRU metallics price indicator (CRUmpi) rose by 7.5 percent m/m to 195.7 (see chart) after prices rose in most markets. The most pronounced rebounds were in the U.S. and European scrap markets, while prices in Asia either rose or were stable. Prices in regions impacted by winter weather will likely find further upward price pressure in the near term.
