Scrap Prices North America
June 11, 2020
CRU: Easing of Lockdowns Stabilizes Global Scrap Prices
Written by Ryan McKinley
By CRU Senior Analyst Ryan McKinley, from CRU’s Metallics Monitor
The CRU metallics price indicator (CRUmpi) increased slightly in June, rising by 2.9 percent m/m to 208.3. The reduction in lockdowns and other Covid-19-related restrictions across the globe allowed scrap to become more readily available as demand increased in major importing markets. In the near term, we expect that supply will begin to outpace demand in most markets given the limited probability of higher finished steel prices.
