11
Jan
15:15
US January scrap trading continues, prime supply tight
Scrap trading started last week at higher prices in the US domestic market, though levels are yet to be settled.
Strong prime grade demand versus tight supply is seen resulting in higher price increases of up to $100/gross ton in prime grades in the US. The flow of obsolete and shredded scrap seems more abundant.
“Mills have not hurried to start purchasing scrap,” a US scrap supplier tells Kallanish. “This has caused price increases to remain be…
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Anonymous
Very good overview of the weekly steel market.
Anonymous