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Scrap Metal Market Update

Updated: Apr 4, 2022

The ferrous scrap metal market is a unique one truly driven by supply and demand. Learn about what the key indicators are doing month over month in this Scrap Metal Market Update Series.

The case for the 🐃:

- Pig iron us up 17% or $158 a ton since the March Trade.

- HRC pricing is up 37% or $415 a ton in March.

- HRC Lead times jump form 3 1/2 to 5 1/2 weeks in March.

The case for the 🐻:

- We don't see any failing charts but a number charts are sideways. This should be the bull vs neutral case this month.

Worth mentioning:

Turkey's rebar sales and scrap purchases since March ferrous trade have been flat.

Monthly Scrap Factor Report March 2022
Download PDF • 3.24MB

Watch or listen to A Scrap Life: Bulls vs Bears to find out more.

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