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
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: March 2019 Scrap Market Continues to Slide
While the scrap market slump lingers on it looks to stabilize with the possible completion of U.S.-China trade talks and the ongoing recovery of the Brazil mining disaster. The scrap market has stabilized going into March relative to the February market report. Last months blog of course showed the largest decline in the National Crushed
Scrap Metal Market: February 2019 Scrap Steel Prices Decline Sharply
Scrap Steel Prices Fall by Most in Years as Market Awaits Outcome of U.S.-China Trade Talks The scrap metal market report for February 2019 shows the most significant decline in scrap steel prices in well over a year. In recent posts, we have alluded to the market showing declines due to world trade talks stalling,
Scrap Metal Market: December 2018 Steel Prices Going Forward
Steel prices were up going into the last month of the year but are feeling pressures from falling oil prices, lack of exports overseas and slowing auto and housing industries. The December scrap metal report is ultimately a welcomed sight after four consecutive months of declines. While scrap steel prices were up and down in