Scrap Prices North America
December 17, 2020
CRU: Scrap Prices Surge on Stronger Steel Markets
Written by Chris Asgill
By CRU Principal Analyst Chris Asgill, from CRU’s Global Steel Trade Service
Scrap prices have surged over the past month, with import prices up $50-90 /t m/m. Turkish prices have gained the most significant ground, though were below Asian prices a month ago. At the time of our assessment last week Turkish prices were approaching $400 /t CFR, but prices have moved still higher this week and at the time of writing we heard deals reaching $435 /t CFR.
