November 2019 | Steel Scrap and Metallics Forecaster
US domestic scrap prices likely to see November rise but fundamentals remain weak: North America Market Analysis
Although export markets have strengthened, key domestic market factors remain shaky.
Monthly US scrap negotiations saw prices increase by $10-20 per long ton in November. A rise in Turkish import scrap prices helped drag US East Coast export prices up to $214 per metric tonne fob by October 30, up $23 month on month. As the first chart shows, US local scrap prices have remained closely aligned to price changes in Turkey this year which remains the worlds largest single scrap importer. If early deals closed are replicated across the country, the Chicago HMS#1 price will have moved in the...
ACCESS RESTRICTED
You must be a paid subscriber to view the full content.
Content over 60 days old can only be accessed by subscribers.
Call +44(0)20 7779 8000 with your credit card details or subscribe online.
SUBSCRIBE
Receive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts. Plus download the latest issue as soon as its published.
Subscribe