Research

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

Change font size:   

February 2020 | Steel Raw Materials


Scrap prices fall across the US in February amid weak export markets: Scrap Highlights


Scrap prices were affected by the Turkish import values, as trade volumes picked up toward the end of 2019 and continued this year.

HMS and shredded monthly settlement prices fell across the US market in February amid falling levels in export markets and weakening domestic demand, while prime scrap values also fell but to a lesser extent. The Chicago HMS#1 price fell to $235 per long ton, down from $255 in the prior month, while settlements fell by $30 in Pittsburgh and Philadelphia to $233 and $230 per ton, respectively. Prime scrap also fell, with bushelling settlements in Chicago and Pittsburgh moving down by $10 per ton on the month. The divergence between prime and obsolete scrap...

ACCESS RESTRICTED

To read the rest of this analysis please take a free sample or subscribe


FREE Sample


Receive a free sample of  market analysis and price forecasts.

Free Sample

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 it’s published.

Subscribe


Already subscribed?