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    January 8, 2021

    CRU: More Scrap Markets Hit Record-High Levels as Prices Soar

    Written by Ryan McKinley

    By CRU Senior Analyst Ryan McKinley, from CRU’s Steel Metallics Monitor

    The CRU metallics price indicator (CRUmpi) rose by 27.1% m/m in January to 349.9 after metallics prices rose notably in every market we cover. As this is the second month of large price increases, many markets are now at, or nearly at, record highs. While there is still some upside price momentum moving into February, we expect that many markets have either reached a peak or will do so soon.

    Ryan McKinley

    Ryan joined CRU in 2018 and is now the editor of the Steel Sheet Monitor. He also forecasts North American prices, production, demand, and trade for sheet and plate products in CRU's Steel Sheet and Plate Market Outlooks. Ryan has eight years of experience in steel market analytics, covering markets from steel metallics, steel long products, stainless steel, and now steel sheet and plate markets. Prior to joining CRU, he covered a variety of local North American scrap markets at Argus Media. He holds a BA in Political Science from Colorado State University in Fort Collins, Colorado, and an MA in Energy Politics in Eurasia from European University located in Saint Petersburg, Russian Federation. Ryan is based in Denver, Colorado.

    Read more from Ryan McKinley

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