Analysis
February 14, 2025
CRU: Scrap prices surge in the US, stay rangebound elsewhere
Written by Puneet Paliwal
The CRU Metallics Price Indicator (CRUmpi) rose by 5.0% m/m in February to 293.7, a five-month high. Scrap prices increased in different degrees this month, reflecting the confidence level in the steel market across different regions. While US scrap prices rose sharply m/m due to limited availability, those in Europe and Asia had only small gains on the back of modest improvement in demand.
