23
Oct
16:22
Nucor: Price turnaround to come soon
Nucor executives believe that US steel prices have bottomed and the market can only really improve from here, they told analysts during the company’s third-quarter conference call.
Ceo John Ferriola says the scrap market is experiencing a slow-but-sure turnaround, Kallanish reports.
“We anticipate that the scrap pricing will go up about $20/short ton maybe next month - $25/st, somewhere in that neighbourhood,” he says. “And we th…
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Anonymous
Very good overview of the weekly steel market.
Anonymous