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

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December 2018 | Steel Scrap and Metallics Forecaster

US domestic scrap prices halt upward momentum as export prices crash: North America Market Analysis

Stronger domestic scrap demand insulated US market prices somewhat against the fall in export markets, we believe.

Local scrap prices in US monthly negotiations settled sideways on most grades. Domestic prices for HMS#1, busheling and shredded scrap settled at prices largely unchanged from November rates in both Chicago and Pittsburgh while prices in the more export-dependent area of Philadelphia fell by $10 per long ton on both grades amid weakness in export scrap markets. Bundles experienced rollovers in Chicago and Pittsburgh, and dropped just $5 in Philadelphia. Contrary to our expectations, the price changes did not reduce the differentials between higher and lower grade...


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