CRU: Scrap Demand Remains Strong During Mild Winter
By CRU Senior Analyst Ryan McKinley, from CRU’s Steel Metallics Monitor The CRU metallics price indicator (CRUmpi) rose by 5.9 percent m/m to 223.5 (see chart) following price increases in nearly every market, the highest level since August 2019. Solid scrap demand has offset better than seasonally typical supply due to mild winter weather in the Northern Hemisphere. […] The post CRU: Scrap Demand Remains Strong During Mild Winter appeared first on Steel Market Update.