Scrap Prices North America
September 7, 2021
CRU: Global Metallics Prices Continue on Downward Trajectory
Written by Ryan McKinley
By CRU Senior Analyst Ryan McKinley, from CRU’s Steel Metallics Monitor
The CRU metallics price indicator (CRUmpi) fell by 4.6% in September to 375.5, marking a second straight month of decline. Scrap prices were down in nearly every market we cover, although pig iron and HBI prices again fell by more than scrap. Lower demand drove prime grade scrap and ore-based metallic price declines, while seasonally higher availability caused obsolete grade scrap prices to fall.
