29
Jun
14:18
Decline in US scrap prices seems inevitable
Scrap oversupply is still weighing on the US domestic market despite the slight increase seen in steel production. US mills, whose capacity utilisation remains at 54.6%, are yet to increase scrap demand to a level sufficient to absorb scrap supply. The resulting surplus means scrap prices are expected to decline further in July trading.
The spread between shredded and prime grade scrap, which increased significantly in June, is expected to narrow with a higher dec…
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Anonymous
Very good overview of the weekly steel market.
Anonymous