Bears out of hibernation ahead of October ferrous scrap trade

Bulls increasingly optimistic for higher scrap prices in September

The US steel scrap market may drag the bottom in August with the market caught in a stalemate between tight supply and low demand

North American steel scrap prices could face their third consecutive month of decline across all grades in July as traditional summer production slowdowns hinder demand

Aluminium prices continue to be affected by several factors in June 2023 and were trending lower on the LME earlier this month despite the pick-up in Chinese services in May

The outlook for North American steel scrap prices has headed further into bearish territory ahead of June’s trade, with prices for all grades expected to fall again after a round of across-the-board decreases in May

North American ferrous scrap prices are due a further downward correction in May following drops incurred on cut grades and shredded scrap in April; primes trended sideways over the period

North American steel scrap prices are expected to rise in April, for a fifth straight month, supported by a lingering shortage of certain grades of material and steady demand

March ferrous market poised for staunch increase

Low supply, strong demand to spur scrap prices higher in Feb, market says