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Scrap Metal Market Update

Updated: Jun 1


The case for the ๐Ÿƒ:

- Imports March to April down 11.7%


- Crude Steel Production flat MoM.


The case for the ๐Ÿป:

- Pig iron down $87 / MT. $918 to 831 (-13%)


- USA HRC down $1,382 to $1,200 MoM (-13%).


- Steel Rebar China 5,153 to 4,670 MoM (-9%).


- Turkey HMS down $91 /MT. $530 to 439 (-17%)


- Zorba $.825 to $.735 (-11%)


Worth mentioning:

- USA Steel prices relative to world are still on island with rumored more room to downside.

Monthly Scrap Factor Report May 2022
.pdf
Download PDF โ€ข 3.98MB

A Scrap Life's Bulls vs Bears Podcast for June will be out soon, check out the link below.



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