24
Jul
16:13
US scrap market seeks direction approaching August trading
US scrap market participants are seen confused about the market direction in August, although they were clearer in previous weeks that prices have bottomed in July.
This is mostly due to sluggish demand and falling scrap prices in Turkey, the largest export destination, while US West Coast exports are also struggling.
Amid current market conditions in Turkey, some US suppliers are seen trying to direct their cargoes to alternative destinations. Consequently, so…
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Anonymous
Very good overview of the weekly steel market.
Anonymous