Scrap Prices North America
January 16, 2022
CRU: Global Metallics Markets Unseasonably Bearish in January
Written by Ryan McKinley
By CRU Senior Analyst Ryan McKinley, from CRU’s Steel Metallics Monitor January 2022
The CRU metallics price indicator (CRUmpi) fell in January m/m by 4.4% to 383.9, which is an unusual move for this time of year. Demand in most markets, particularly in Europe and the USA, was weaker-than-expected, and relatively mild weather conditions leading up to early January kept supply plentiful. We expect to see high levels of price volatility over the next few months.
