FEATURE: US scrap market 2021 outlook optimistic following uncertain 2020

摘要

Despite rampant uncertainty in 2020 stemming from the Black Swan effects of the coronavirus pandemic, US ferrous scrap pricing finished the year strong, with market participants finding reason to be optimistic heading into the new year. While market conditions were challenged early in the year, the final month of 2020 brought the largest December scrap price increases on record, and the outlook for January remains bullish, with US hotrolled coil prices surpassing $1,000/st for the first time since 2008 in the final week of the year.