Analysis
March 17, 2023
CRU: Turkish Demand Raising Scrap Prices
Written by Aaron Kearney-Keaveny
The CRU metallics price indicator (CRUmpi) for March increased by 7.4% month-on-month to 357.7, the highest level since last June. The main developments have been in Turkey, where the tragic earthquake initially had a negative effect on scrap buying from the largest scrap importing country, though in the second half of February this quickly turned around. Meanwhile, supply is returning in key regions and will partially restrict the price rise from Turkey’s demand.
Turkish Buying Boosts Prices Across Most Major Regions
