Scrap Prices North America
March 12, 2020
CRU: Global Metallics Prices Hold, But Major Downside Risks Grow
Written by Ryan McKinley
By CRU Senior Analyst Ryan McKinley, from CRU’s Steel Metallics Monitor
The CRU metallics price indicator (CRUmpi) rose slightly by 1.3 percent m/m to 206.4 (see chart). While this is broadly stable it bucked the trend compared to steel markets, which came under relatively more price pressure. Structurally, most markets were similar in condition to February, though the spread of Covid-19 and the oil price war are undermining confidence.
