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