Research

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

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January 2019 | Steel Scrap and Metallics Forecaster


US scrap markets set to fall as weak export prices outweigh solid local demand: North America Market Analysis


US domestic scrap prices are more reliant on export scrap trends than domestic demand.

US ferrous scrap prices underperformed 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...

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