CRU: Markets in Asia Stabilize as Price Drops Elsewhere Accelerate

By CRU Senior Analyst Ryan McKinley, from CRU’s Steel Sheet Products Monitor, June 8

The CRUspi plummeted again month-on-month in June by over 12.3%, which is a larger drop than in May. This makes it the third-largest percentage point drop on record and the second largest in terms of total points. The supply shock caused by the war in Ukraine has eased substantially, and supply continues to outpace demand in many key markets. Still, recent developments in Asia have helped stabilize prices in the region, creating a sharp divide in price movements in the east and west.

Ryan McKinley

Ryan joined CRU in 2018 and is now the editor of the Steel Sheet Monitor. He also forecasts North American prices, production, demand, and trade for sheet and plate products in CRU's Steel Sheet and Plate Market Outlooks. Ryan has eight years of experience in steel market analytics, covering markets from steel metallics, steel long products, stainless steel, and now steel sheet and plate markets. Prior to joining CRU, he covered a variety of local North American scrap markets at Argus Media. He holds a BA in Political Science from Colorado State University in Fort Collins, Colorado, and an MA in Energy Politics in Eurasia from European University located in Saint Petersburg, Russian Federation. Ryan is based in Denver, Colorado.

Ryan McKinley

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