SMU Community Chat
July 6, 2020
Wednesday's SMU Community Chat to Feature CRU Scrap Expert
Written by Tim Triplett
Steel Market Update’s next Community Chat webinar on Wednesday, July 8, will host CRU Senior Analyst Ryan McKinley, who will offer an update on the global ferrous scrap market and answer metallics-related questions from listeners.
Ferrous scrap prices began to trade this afternoon with obsolete grades dropping by $20 per gross ton, and prime grades (busheling, bundles) by as much as $40 per gross ton. McKinley will discuss trading volumes and scrap availability. He will also provide a forecast for what he thinks the scrap markets will look like in the coming months as well as out into the future when Big River Steel, Steel Dynamics and Nucor bring up new flat rolled and plate steel mills.
