top of page
Search

Scrap Metal Market Update

Writer's picture: chad ellerbrockchad ellerbrock

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 šŸƒ:

- 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 šŸ»:

- 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.


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




72 views0 comments

Recent Posts

See All

ComentƔrios


bottom of page