Scrap Prices North America
January 15, 2021
CRU: Global Metallics Markets Cool in February
Written by Ryan McKinley
By CRU Senior Analyst Ryan McKinley, from CRU’s Steel Metallics Monitor
The CRU metallics price indicator (CRUmpi) fell by 11.5% m/m in February to 309.8. Scrap prices in western markets came under pressure as supply increased substantially, while those in eastern markets faced additional pressure from waning demand. Although supply, especially obsolete grade scrap, has risen, we expect that global metallics markets have reached a temporary floor.
