US Scrap Trends Outlook: March

March ferrous market poised for staunch increase

A confluence of demand-positive fundamentals are conspiring to ensure that US ferrous scrap prices will rise for the fourth consecutive month in March.

Escalating deep-sea ferrous export prices to Turkey post Earthquake, inclement weather, low inventory and a reported shortage of prime steel scrap substitute DRI, set against a backdrop of rising finished steel prices, are setting the scene for increases next month that could eclipse those of February. Learn more.

Make sense of the US steel scrap market and track the critical indicators impacting price movements in our March outlook.

What to read next
China’s National Development and Reform Commission (NDRC) will work with relevant parties to regulate crude steel production, with a focus on energy saving and reducing carbon emissions. It will also release guidance on crude steel output for different steel mills later this year after a national investigation on steel capacity
Fastmarkets launched a suite of CIF India aluminium scrap prices on Wednesday April 17.
China's stainless steel prices saw a notable increase last week, driven by global sanctions affecting nickel, which is a key component
Fastmarkets will amend the frequency of its aluminium low-carbon differential P1020A, US Midwest and its aluminium low-carbon differential value-added product, US Midwest as of the assessment on Friday May 3.
After a consultation period, Fastmarkets has amended the publishing frequency of the Pakistan shredded steel scrap import index from weekly to twice per week.
Indian imports of aluminium scrap have been rising consistently in recent years, creating significant demand among market participants for more transparent, comprehensive CIF India pricing.