Market Segment
January 12, 2023
CRU: Metallics Market Heads Into 2023 With Cautious Optimism
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 January rose by 5.5% month-on-month (MoM), to 319.2, registering the fastest MoM growth since last April. The optimism brought in by China’s unexpected reopening has reverberated across major economies and was further boosted by the continued easing of inflationary pressures.
