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

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February 2020 | North American Steels


Scrap prices fall across the US in February amid weak export markets: Raw Material 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 in February amid declining 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 saw the premiums between Chicago...

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