10
May
07:50
Scrap industry prospects improve but China clouds outlook
The global scrap industry is on a much sounder footing following surging prices in recent months. However, speculative trading in China, uncertainty over Chinese production cuts and Chinese steelmakers’ mixed first-quarter financial results cloud the outlook. So says Sims Group Global Trade Corporation President William Schmiedel.
Steel prices have risen over $200/tonne and scrap prices over $140/t. “However, before we break out the champagne I think…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous