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

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February 2019 | Steel Scrap and Metallics Forecaster

US scrap prices poised to rise in March on tighter supply: North America Market Analysis

Static local markets and buoyant export rates have made exporting scrap more appealing to US sellers.

US HMS and shredded prices held stable in the most recent US monthly settlements, while prime prices fell. Higher export demand and wintry weather in areas such as the US Midwest had a fairly limited impact on the market for February, but we expect them to exert more influence on March prices. February prices were kept under pressure from high inventories at mills and low tonnages being traded as merchants attempted to hold onto more material, US scrap sellers told us. With prime...


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