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?? In recent years, the ferrous scrap market has seen significant fluctuations. From the peak in 2022 to the subsequent slumps, there are many interesting dynamics to explore.
There are 7 categories of ferrous scrap represented by different color lines:
- Scrap New Falls Cat. 02 – E3;
- Sheet Metal Scrap Cat. 50 – E8;
- Galvanized Sheet Metal Scrap Cat. 50z – E8z;
- Scrap Sheet Metal Parcels Cat. 52 – E6;
- Scrap Proler Cat. 33 – E40;
- Scrap Stainless Steel – Aisi 304 – From Newly Processed Scrap;
- Scrap Stainless Steel – Aisi 304 – Turnings.
- Growth to early 2022: Post-pandemic economic recovery and increased industrial demand;
- Slump by April 2022: Russian invasion of Ukraine – to supply chain disruptions and global economic uncertainty;
- Rebound from July 2022: Improving market conditions and recovering demand;
- New slump in March 2023: Renewed economic uncertainties-restrictive monetary policies and oversupply.
? If you are in the steel, waste management, or just interested in raw materials, this video is for you!