Scrap Prices North America
September 8, 2020
CRU: Upswing in Metallics Prices Accelerates
Written by Ryan McKinley
By CRU Senior Analyst Ryan McKinley, from CRU’s Steel Metallics Monitor
The CRU metallics price indicator (CRUmpi) rose by 9.9 percent m/m in September to 225.5. Rising steel demand internationally in combination with tighter markets has driven relatively large price increases in every market we assess. Market sentiment is bullish for October and, barring any major changes in trade flows, we expect upward price momentum to continue.
