Research

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

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March 2019 | North American Steels


US scrap prices poised to rise in March on tighter supply: Raw Material Highlights


Supportive demand from US domestic steel production is also expected to lead to higher domestic scrap prices in March.

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 supply less...

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