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

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September 2019 | Steel Scrap and Metallics Forecaster


Downtrend is gripping scrap markets: Latest Analysis


In the European market, downside pressure is likely to remain, despite restrictions on exports from Russia.



Downtrend is gripping scrap markets

We have downwardly revised US domestic ferrous scrap prices for the rest of the year and through 2020, as the underwhelming demand growth seen so far this year is now predicted to fall further. Oxford Economics in their Q3 update downwardly revised outlook for the US 2020 industrial production. Low scrap prices relative to rising steel output and, to a lesser extent, demand for US-made steel products, has in part been attributed to a higher share of integrated mills in total...

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