28
Oct
12:50
Expectation strengthens for increase in US scrap prices
After recording a decrease by $30-40/tonne in the October buy-cycle and reaching a 2019-low, US domestic scrap prices are expected to increase with November trading.
Even the sources that believed in a sideways trend in previous weeks have revised their expectations upwards. This is due to sheet price increases in the domestic market, slowing flow into scrap yards and stronger export pricing both on the West and East Coasts.
A scrap supplier tells Kallanish: …
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Anonymous
Very good overview of the weekly steel market.
Anonymous