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Scrap Metal Market Update

Updated: Dec 2, 2021

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
Download PDF • 5.33MB

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