Scrap Prices North America
December 9, 2021
CRU: Global Metallics Prices Come Under Pressure as Demand Wanes
Written by Ryan McKinley
By CRU Senior Analyst Ryan McKinley, from CRU’s Steel Metallics Monitor , Dec. 8
The CRU metallics price indicator (CRUmpi) was little changed m/m in December at 401.6 after expectations of another price increase for metallics were dampened by weaker-than-expected demand. Supply is becoming seasonally scarcer in some markets. But, in our view, weakness in finished steel markets is likely to put downward pressure on metallics prices heading into January.
