Grooved Product: April 2019
- Most scrap metal producer prices dipped month-over-month again in March, dropping 4.1% M/M. On a year-over-year basis, they were down more sharply by 10.3%. The volatility of the scrap market remains subject to tariff discussions and the exemptions that have been granted. Despite a 16.3% increase in the price of Korean scrap steel, there has continued to be a reduction in the price of scrap and investors continue to pull away from steel producers.
Key factors that could affect supply or price:
Health construction: Construction of health-care facilities was higher by 1.6% on a seasonally adjusted annual rate through January. This remains one of the stronger sectors in construction.