Research

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

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January 2018 | Steel Scrap and Metallics Forecaster


US scrap market enjoys one more bullish month: North America Market Analysis


Export prices drop on Turkish deals, while tough weather conditions in the US limit external trading activity.

Both obsolete and prime scrap prices have stayed on the rise in January after December increases. The prices rose by $30 per long ton month-on-month for obsolete ferrous scrap including shredded and cut grades. And sellers achieved $20 per long ton increases for prime grade scrap including bundles and busheling. Chicago in the Midwest, Philadelphia and Pittsburgh in the Northeast as well as Alabama in the Southeast – all saw even price rises for the mentioned grades in January.

And the gap between obsolete and prime grades continues to shrink. As we pointed out...

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