15
Jun
15:34
Expectations vary for US scrap market July trading
As scrap supply gradually increases in the US market, most market participants predict lower scrap pricing in July. However, some believe mills will not decrease purchase prices further as this would put downward pressure on finished steel prices.
The price spread between East Coast and Midwest, and shredded versus prime grades, continues to widen due to high export demand and lack of industrial scrap respectively. However, the spread between prime and shredded is…
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Anonymous
Very good overview of the weekly steel market.
Anonymous