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Scrap Metal Market Update


The case for the ๐Ÿƒ:

- Still looking...


The case for the ๐Ÿป:

- Pig iron down $213 / MT. $858 to 645 (-25%).


- Iron ore down $18.53 / MT. $132.98 to $114.45 (-14%).


- USA HRC down $1,200 to $930 MoM (-22.5%).


- Copper $4.32 to $3.63 MoM (-16%).


- Nickel down $4,770 /MT. $27,800 to $23,030 (-17%).


- Zorba $.71 to $.66 (-7.7%).


- Turkey 80:20 HMS down $65 / MT. $435 to $370 (-15%).


Worth mentioning:

- Several analysts are noting HRC bottoms around low $800's in the USA.

Monthly Scrap Factor Report July 2022
.pdf
Download PDF โ€ข 3.74MB

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



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