North American steel scrap prices could face their third consecutive month of decline across all grades in July as traditional summer production slowdowns hinder demand

Aluminium prices continue to be affected by several factors in June 2023 and were trending lower on the LME earlier this month despite the pick-up in Chinese services in May

The outlook for North American steel scrap prices has headed further into bearish territory ahead of June's trade, with prices for all grades expected to fall again after a round of across-the-board decreases in May

North American ferrous scrap prices are due a further downward correction in May following drops incurred on cut grades and shredded scrap in April; primes trended sideways over the period

North American steel scrap prices are expected to rise in April, for a fifth straight month, supported by a lingering shortage of certain grades of material and steady demand

March ferrous market poised for staunch increase

Low supply, strong demand to spur scrap prices higher in Feb, market says

Year-on-year increases in contract base prices for special bar quality (SBQ) steel products put 2023 deal levels on par with spot prices seen early this month, market participants told Fastmarkets, noting that some buyers also negotiated shorter contract terms on fears of a price drop late next year

Leading mining companies have recently expanded their exposure to copper via acquisitions rather than through greenfield investments, but new projects are needed to feed an expected rise in demand amid global energy transition trends, market experts have told Fastmarkets

What does 2023 have in store for the US scrap market? Find out today in our monthly US steel scrap price trends outlook