23
Nov
15:13
Bullish US scrap market awaits further increases
Heading into December trading, all US scrap market participants expect prices to increase further.
Supported by strong export demand, sharply increasing export prices, strong domestic demand, increasing mill utilisation, tight supply and the approaching holidays, US scrap prices are expected to increase $25-55/tonne. This will depend on the grade.
A US scrap supplier tells Kallanish: “We are seeing a very strong export demand on both the West and East Coast…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous