Scrap Prices North America
August 13, 2021
CRU: Falling Demand Weighs on Global Metallics Prices
Written by Ryan McKinley
By CRU Senior Editor Ryan McKinley, from CRU’s Steelmaking Raw Materials Monitor
The CRU metallics price indicator (CRUmpi) fell by 4.8% in August to 393.8, making it the first reading below the 400 level since May. Price falls for scrap and HBI were similar in scale, but pig iron prices have moved notably lower. Demand was weaker than expected in nearly all regions, and steady supply inflows tipped global markets into a surplus, resulting in price declines.
