Research

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

Change font size:   

May 2018 | Steel Scrap and Metallics Forecaster


US scrap market retreated in May: Latest Analysis


The fact that scrap exports dropped in the first quarter while the Chinese domestic price keeps outperforming our forecast points to a strong local demand for scrap despite pressure from cheaper hot metal.

US SCRAP MARKET RETREATED IN MAY

After avoiding a downtrend since October 2017, the US domestic scrap market weakened in May. Pressure from Turkish buyers took its toll on the US market, where recovery of local demand for scrap remains slow. US sellers eventually agreed to a price cut for Turkish mills in mid-April and through May after a month and a half of stand-still. This ultimately demonstrated the continuing reliance of US scrap exporters on the world’s largest scrap importer. The...

ACCESS RESTRICTED

You must be a paid subscriber to view the full content.
Content over 60 days old can only be accessed by subscribers.
Call +44(0)20 7779 8000 with your credit card details or subscribe online.


SUBSCRIBE


Receive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts. Plus download the latest issue as soon as it’s published.

Subscribe


Already subscribed?