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    April 17, 2023

    CRU: Scrap Prices to Trend Further Down in May 2023

    Written by Thais Terzian

    CRU expects metallics prices to continue trending down in May 2023 as supply will continue to outpace demand in most markets.

     CRUIn the US, obsolete scrap prices are expected to move lower as the inflow to scrap yards will pick up seasonally, and dealers get more inclined to sell. In Europe, the macroeconomic environment will continue to drag on steel demand and production, which will weigh on domestic scrap prices.

    Thais Terzian

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