Research

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

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May 2019 | North American Steels


Higher supply pushes down US scrap prices even as steel output remains strong: Raw Material Highlights


Falling export scrap demand has offset strong domestic capacity utilization.

Contrary to our expectations, US domestic scrap prices fell in April. The price declines depended both on region and grade, with HMS#1 in Chicago and Pittsburgh falling $25 per long ton, while in Philadelphia, supported by decent export demand, prices dropped $20. In the higher-grade scrap market, while busheling and bundles prices in Pittsburgh fell $20, those in Chicago and Philadelphia dropped $25. That kept the spread between HMS#1 and busheling #1 at $60 in Chicago, stable compared with March but...

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