04
Oct
15:29
October trading begins in US scrap market
October scrap trading in the US commenced last week, with a mill buying prime scrap. Although prime scrap prices were expected to decrease in October trading, the mill has suggested the same prices as in September, Kallanish notes.
The market was expecting to see a sharper decrease, of up to $50/gross ton, for prime scrap in October trading, but this move has improved expectations. Some market participants still think prime scrap prices may fall by $20/gt, but oth…
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Anonymous
Very good overview of the weekly steel market.
Anonymous