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CRU: Mild Winter Creates Scrap Supply Surplus Amid Covid-19 Outbreak
Written by Senior Analyst Ryan McKinley. More in-depth regional analysis found in CRU’s Metallics Monitor. The CRU metallics price indicator (CRUmpi) fell by 8.9 percent m/m to 203.7 (see chart) following price falls in nearly every market. Supply outpaced demand due to mild winter conditions in much of the northern hemisphere. Key exceptions were Russian scrap and ore-based […] The post CRU: Mild Winter Creates Scrap Supply Surplus Amid Covid-19 Outbreak appeared first on Steel Market Update.