Scrap Prices North America
December 12, 2019
CRU: Seasonal Supply Constraints and Firm Demand Lift Prices
Written by Ryan McKinley
By CRU North America Senior Analyst Ryan McKinley, from CRU’s Steel Metallics Monitor
The CRU metallics price indicator (CRUmpi) rose by 7.9 percent m/m to 211.1 (see chart) following price increases in nearly every market. Pervasive market tightness caused by adverse weather and higher domestic demand in major exporting markets forced buyers in import-reliant markets to accept higher prices. We expect these upward price pressures to continue for the short-term.
