Scrap Metal Market Update
Updated: Jun 1, 2022
The case for the 🐃:
- Imports March to April down 11.7%
- Crude Steel Production flat MoM.
The case for the 🐻:
- 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 • 3.98MB
A Scrap Life's Bulls vs Bears Podcast for June will be out soon, check out the link below.
