25
Jul
20:09
Insteel sees little rhyme, reason in scrap drop
Scrap prices are expected to continue their downward drift in August, but further visibility is limited, Kallanish learns from Insteel’s fiscal third quarter conference call.
After bottoming out in January, raw material prices strengthened through May, says Insteel ceo Howard Woltz. Raw material prices – particularly scrap – then eroded in June and July.
“Early indications are that August scrap settlements will be down from the July le…
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Anonymous
Very good overview of the weekly steel market.
Anonymous