Scrap Prices North America
February 13, 2020
CRU: Mild Winter Creates Scrap Supply Surplus Amid Covid-19 Outbreak
Written by Ryan McKinley
Written by Senior Analyst Ryan McKinley. More in-depth regional analysis found in CRU’s Metallics Monitor.
The CRU metallics price indicator (CRUmpi) fell by 8.9 percent m/m to 203.7 (see chart) following price falls in nearly every market. Supply outpaced demand due to mild winter conditions in much of the northern hemisphere. Key exceptions were Russian scrap and ore-based metallics prices, which rose m/m. The coronavirus Covid-19 is impacting steel markets, which threatens to weaken metallics markets over the coming month.
