Research

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

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December 2017 | North American Steels


US long product prices on the verge of rising with scrap: US Long Product Highlights


Not only have scrap prices moved up $20-30/long ton in December, but it is possible that it will see similar upward momentum in January, helped up by a number of factors, including the recent rise in iron ore prices and the likelihood of wintry conditions affecting flows.

Over the past month US long product prices have remained fairly steady or have even eased slightly on the back of fairly steady demand and the flat to slightly down November scrap prices. But AMM Research believes that prices are about to edge upwards. This is coming on the back of higher than expected raw material prices, easing imports and fairly resilient end-use demand for this time of the year as well as cautious optimism for 2018.

Not only have scrap prices moved up $20-30/long ton in December, but it is possible that it will...

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