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Ferrous Recycled Metals: Could we be looking at a weakness in June prices?
What's the ferrous scrap market outlook for June?
What's the ferrous scrap market outlook for June?
Scrap import activity slowed last week as Turkish mills have completed their recent restocking activity
Steel scrap prices under pressure
It is clear that steel mill order books are not what they were hoping for in May, and they probably are not going to strengthen in June.
The consensus for ferrous scrap is sideways, maybe not a strong sideways this month.
The wild cards in some price negotiations are Bangladesh and India.
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?
Non-ferrous recycled metals supply slump continues, but for how long? And ferrous recycled metals forecast to be cloudy for May.
With intriguing spreads between regions and a potential to curb price surges, #1 HMS might just be the unsung hero of the industry's future.
April's scrap market defies expectations with unexpected trends and surprising stability.