The ferrous scrap metal market is a unique market truly driven by supply and demand. Learn about what the key indicators are doing in this monthly Scrap Metal Market Update Series.
The case for the Bulls:
- Nickel's moving up
- Shred Feed making a move up
The case for the Bears:
- Crude Oil is down 15%
- Pig Iron down $8 / MT
- HRC Midwest Domestic HRC down 11% ($195 / ton)
- US Steel Imports up 39.6% YoY
- HRC Steel Lead time down to 4.5 weeks
Monthly Scrap Factor Report December 2021
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