Research

Forecasts and market analysis based on price assessments from Fastmarkets MB and Fastmarkets AMM

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January 2017 | North American Steels


US scrap prices jump in response to improved fundamentals: Raw Material Highlights


US scrap benchmarks extended their recovery in December as many domestic mills surprisingly maintained relatively large order volumes in response to higher operating schedules.

US mills entered the market in December with bids of $30/l.t higher than November’s settlements, compared with offers of $50/l.t from local scrap suppliers in the first few days of December. As the week progressed, however, it became clear that some mills were short of melting requirements and conceded ground. At the same time, some scrap dealers have stuck to regurgitating arguments about limited yard flows. However, AMM Research believes...

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