Research

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

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January 2020 | Steel Scrap and Metallics Forecaster


US scrap price rise likely to have peaked as export markets slow: North America Market Analysis


US scrap export volumes increased in the second half of the year, with West Coast activity particularly frenetic.

US domestic scrap prices extended their upward rally to a third consecutive month, with prices once again following the trend set in the Turkish import market. US prices rose $30 per long ton for most grades in most areas, pushing prices back up to their highest levels since April-May 2019. Low availability of material was a key negotiating point, Fastmarkets AMM reported, with limited volumes available from the coasts given steady US-Turkey bulk scrap sales over the last month. Steel prices in the US have also continued...

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