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

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January 2019 | Steel Raw Materials

US scrap markets set to fall as weak export prices outweigh solid local demand: Scrap Highlights

Local scrap demand remains strong amid high steel output and capacity utilization.

US ferrous scrap prices are set to underperform our expectations and record decreases in January. A weakening in export demand was the main reason for the drop, with the booking of very few export deals to the major scrap importing nation of Turkey heaping pressure on East Coast markets. No US export deals were heard sold to Turkey from November 23 until January 4 and in this time, Turkish import HMS 1&2 (80:20) prices fell $49 per tonne, pushing US East Coast export prices down by the same...


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