HRC-Scrap Spread Shrinking as Prices Decline
The spread between hot-rolled coil (HRC) and prime scrap prices is resuming the downward trend seen prior to the Russia-Ukraine war, according to the latest Steel Market Update data. The HRC-scrap spread reached an 18-month low in early March. The latest spread, calculated through June 14, is less than half what it was this time last year […] The post HRC-Scrap Spread Shrinking as Prices Decline appeared first on Steel Market Update.