CRU: Scrap Prices Find Floor as Supply Dries Up and Demand Returns
By Senior Analyst Ryan McKinley, from CRU’s Steel Metallics Monitor The CRU metallics price indicator (CRUmpi) rose by 7.5 percent m/m to 195.7 (see chart) after prices rose in most markets. The most pronounced rebounds were in the U.S. and European scrap markets, while prices in Asia either rose or were stable. Prices in regions […] The post CRU: Scrap Prices Find Floor as Supply Dries Up and Demand Returns appeared first on Steel Market Update.