Housing starts slip to seven-month low in March
The decline is accredited to higher-than-expected interest and inflation rates, as well as higher supply costs and tighter lending conditions for builders
The decline is accredited to higher-than-expected interest and inflation rates, as well as higher supply costs and tighter lending conditions for builders
Does the price of ferrous scrap depend on the price of finished steel product? And how much of an affect do billet and slab prices have on scrap prices?
“Without question, current conditions in the scrap markets remain challenging,” Tamara Lundgren, chairman and CEO, said.
The index is now at the highest level recorded since September 2022.
As we enter the final week of the month, there seems to be growing hope that the U.S. scrap market has bottomed.
For April, a majority of respondents said they expect ferrous scrap prices to rise.
The LME aluminum price has overcome an important resistance level at $2,300/mt but it remains to be seen if support can be built above that level.
Will prices continue downward in April? Where is the pig iron market heading? How are the steel mills operating?
Which direction is the market moving?
Non-Ferrous Scrap Metal Market Review