17
Feb
14:54
US scrap market outlook turns bullish
After recording a decrease of $20-30/gross ton in the February-trading cycle, sentiment among most market participants is bullish over US domestic scrap prices in March trading.
Following a prolonged period of very weak exports and decreasing prices, US scrap export prices have finally recovered with Turkish mills’ return to the market last week. Thanks to increased Turkish demand, US East Coast scrap export prices have risen by $15/tonne in a week.
In the …
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Anonymous
Very good overview of the weekly steel market.
Anonymous