Uptrend to start in June

摘要

By late May, the average market price for A3 scrap dropped by 5-6% from late April in the European part of Russia and in the Ural region. The threat of scrap deficiency will be the main reason for steelmakers to raise buying prices in the forecast period. After active deliveries of the material in spring, steelmakers will refrain from going further bearish in June, considering a drop in scrap collection, traditional for the period. Metal Expert predicts prices will start rising by the middle of the month amid competition for the material. In July-August, an increasing scrap requirement (amid the start of stockpiling for winter at largest mills among other reasons) will make the rivalry even tougher, pushing the prices up.