This year, we went from one of the strongest global economies to a near-standstill, yet many of the global ferrous markets managed to sustain better conditions than that of the World Financial Crisis in 2008. A true testament to the need and value of our commodity.
For the last few months, we have all enjoyed the ride in scrap prices, so it’s no surprise to see a slight correction today. Nonetheless, in general, finished steel sales are solid, prices have improved and scrap is flowing. While markets are fluid, it’s important we continue to prepare for the next few months as many businesses could be affected by a second wave of Covid-19. The end of the year is quickly approaching, so let us continue with our tenacious convictions and look forward to a better year ahead.
Please make sure to register for our Ferrous Market Webinar on October 14, we have an informative program scheduled with one of the leading analysts in the Chinese metals sector from Shanghai Metal Markets.