Markets & Metals May 2020 Coronavirus Edition
As previously discussed in the last Market & Metals post, we discussed the unknown impacts of the global pandemic and the difficulty forecasting into a wildly uncertain economic horizon. The roughly 20 drop that we observed at the beginning of the Pandemic in the U.S. has held relatively steady into May. Average scrap values fell
Scrap Metal Market Mid-March 2020 Update: China & Steel Overproduction
In the last Market & Metals post, it was reported that after two consecutive months of increase, scrap steel marginally dropped by 2.4 percent in price on a national level. This figure is largely insignificant now because at the time, the economic effects of the global pandemic that is the coronavirus had not yet fully
St. Patrick’s Day 2020
St Patrick’s Day is a religious holiday celebrated by the Irish for over the last 1,000 years. Saint Patrick’s life is explained with the Holy Trinity – Father, Son, and Holy Spirit. This legend is often depicted using a shamrock – the Irish Clover. The shamrock is the national flower of Ireland. March 17th is
Scrap Metal Market March 2020: Coronavirus Threatens U.S. Steel and Automakers’ Production
March scrap steel price drops amid coronavirus market scares After two consecutive months of increased national scrap steel prices, the market has now dropped off slightly due to widespread global panic over the coronavirus. In March, the national price of scrap steel is now exactly $141, a decrease of 2.35 percent, or less than four
Scrap Metal Market February 2020: Scrap Price Recovery Update
February showing promise in 2020 For the first time in eight months, scrap steel prices increased nationally in January by 0.74 percent. This month, the national price of scrap steel is now a little over $144, a more than eight dollar increase staying on par with industry experts’ prediction that scrap prices will slowly recover
Scrap Metal Market January: What’s To Come In 2020
An optimistic view on scrap steel prices Scrap metal industry experts do not expect the decline in scrap steel prices that widely characterized 2019 to reoccur in 2020. While domestic recyclers should not anticipate rates to quickly return to the $192 per gross ton national average of January 2019, they should likely see a modest