02
Mar
14:46
Higher sheet prices strengthen US scrap rise expectations
US scrap market participants’ predictions over US domestic scrap prices point strongly towards an increase following the $40/short ton price hikes on US sheet last Thursday.
While US domestic scrap prices are expected to settle this week, despite most market players expecting an uptrend, a few that were expecting to see sideways movement have also disappeared since Thursday’s developments.
“I am expecting to see an increase of $10-20/st, depend…
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Anonymous
Very good overview of the weekly steel market.
Anonymous