24
Aug
14:40
Bullish sentiment grows in US scrap market
As September approaches, sentiment remains bullish for scrap prices as mills’ utilisation rates increase, though they are still much lower compared to last year’s rates.
Most market players are expecting higher increase rates in the Midwest, as the Midwest failed to follow the South and Southeast in a previous price rise during August trading.
A US scrap supplier tells Kallanish:” With the support of exports and domestic mill demand, prices have…
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Anonymous
Very good overview of the weekly steel market.
Anonymous