20
Jan
15:45
US domestic scrap uptrend to reverse in February
US domestic scrap prices, which started increasing from November, are unlikely to continue their rising trend in February trading.
There are still some market participants who believe domestic prices will trend sideways in February trading. However, most think prices will decrease slightly as a result of declining export prices on both the West and East Coast.
Scrap supply is seen to be plentiful as many suppliers held back their material in December to sell at h…
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Anonymous
Very good overview of the weekly steel market.
Anonymous