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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 ๐Ÿ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 ๐Ÿป:

- 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 โ€ข 3.24MB

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

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