Prices
November 13, 2022
CRU: Key Global Metallics Prices Continue to Decouple
Written by Puneet Paliwal
By CRU Senior Analyst, Puneet Paliwal, from CRU’s Scrap, DRI/HBI & Pig Iron Monitor
The CRU metallics price indicator (CRUmpi) for November fell by 3.5% month-on-month (MoM), to 298.3, which is the lowest level since December 2020. Global scrap demand continues to be undermined by weak steel market fundamentals in key markets, causing prices to stay subdued and decouple further from those of pig iron.
