23
Aug
14:27
Sentiment turns bearish in US scrap market
Although there were mixed expectations for price trends during September trading in the US a week ago, more market participants now seem convinced of lower prices despite finished steel prices hitting historical highs. This is mostly due to the continuing declines in export prices and strong availability of the material.
Market participants think prices will decline up to $40/gross ton for all grades, including the primes.
A US domestic scrap supplier tells Kalla…
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Anonymous
Very good overview of the weekly steel market.
Anonymous