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    Overseas

    March 9, 2022

    Outbreak of War in Ukraine Sparks Global Sheet Price Rally

    Written by Ryan McKinley

    By CRU Senior Analyst Ryan McKinley, from CRU’s Steel Sheet Products Monitor, March 9

    The CRUspi moved higher m/m as war in Ukraine broke steel supply chains. While prices in the USA were down m/m, this downward trajectory has now halted. Elsewhere, buyers are scrambling to secure enough steel and steelmaking raw materials before prices rise further, causing demand in most markets to rise m/m. The CRUspi flats is now back above the 300 level, and we expect this to continue to rise in coming months.

    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.

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