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Ferrous Scrap Prices Reference date: January 10, 2020
USA Domestic Scrap Prices* (US$/GRT)
HMS 1 heavy steel scrap (1/4 Inch) composite price delivered at mills
Source: Davis Index
Source: Davis Index
USA Export Prices* (US$/GRT)
HMS 1, heavy steel scrap (1/4 Inch)
Composite Sales Price
ex Yard in Germany** (€/t)
E3/European Standard Quality No. 3, heavy old steel scrap (>6mm)
CFR Prices for shipments
from EU to Turkey (US$/t)
HMS 80/20 heavy steel scrap
– Highest price
– Lowest price
– Fob East Coast price
– Fob West Coast price
D J F M A M J J A S O N D
340 310 300 320 305 272 247 242 260 225 195 215 250
340
310
300
320
305
272
247
242
260
225
215
250
150
200
250
300
350
D J F M A M J J A S O N D
D J F M A M J J A S O N D
265 272 290 304 290 282 272 278 260 222 217 198 223
295 283 315 317 310 290 280 273 222 245 225 188 198
265 272
290
304
290
282
272
278
260
222 217
198 223
295
283
315 317 310
290 280
273
222
245
188
198
150
200
250
300
350
400
D J F M A M J J A S O N D
D J F M A M J J A S O N D
283 273 279 309 303 282 279 292 270 228 223,5 260 280
303 283 325 317 310 310 298 300 275 250 240 262 303
283
273 279
309 303
282
279
292
270
228
260
280
303
283
325
317
310 310
298 300
275
250
262
303
200
250
300
350
D J F M A M J J A S O N D
D J F M A M J J A S O N D
255,6 238 249,3 253,3 252,8 242,4 236 231,1 231,3 203,9 172,1 201,7 219,6
255,6
238
249,3 253,3 252,8
242,4
236
231,1 231,3
203,9 172,1
201,7
219,6
150
200
250
300
350
D J F M A M J J A S O N D
49recyclinginternational.com | January/February | 2020
ferrous
Respondents produced the gloomy
consensus that their business was
becoming ever tougher with compa-
nies increasingly affected by the weak-
ening national economy. Less scrap
was coming in and demand from steel
mills and foundries for scrap had fallen.
Two-thirds (66%) of steel recyclers
anticipated a further decline in busi-
ness in 2020 because of the battered
automotive industry and declining
orders within mechanical engineering.
UBS’ own survey of those in the US
steel sector survey indicated that,
although respondents expected hot
rolled coil prices to rise in the near
term, 57% of industry operators antici-
pated a decline in end-product demand
over the next three months, with only
19% being more optimistic. Moreover,
52% of respondents believed capacity
cuts were needed to trigger a sustain-
able steel price recovery.
US STEEl PRoDUCTion
More encouragingly, the Institute of
Scrap Recycling Industries reported
that steel production in the US got off
to a somewhat better start in early
2020. Based the latest figures from the
American Iron and Steel Institute (AISI),
domestic raw steel production in the
first week of the year increased 2%
year-on-year while the capacity utilisa-
tion rate improved to 82% – it was
79.4% at the same time in 2019. Total
steel imports into the US during the
first 11 months were down 17.3% com-
pared to 2018 and finished steel
imports were down 18.1% year-on-year
according to preliminary figures from
AISI and the Census Bureau. The
Census Bureau also reported that con-
struction spending in the US improved
0.6% month-on-month in November
although during the first 11 months of
2019 spending was down 0.8% com-
pared to the same period in 2018.
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