15
Feb
14:28
Sentiment turns bullish in US scrap market
Following the price decreases seen during February trading in the US scrap market, sentiment has turned bullish for March shipments. This is due to harsh winter conditions that restrict scrap supply, as well as demand and price recovery seen in export markets.
A US scrap supplier tells Kallanish: “Even in February, we have seen a firmer market after trading started. Mills have failed to buy at $70/tonne lower prices compared to January trading. Now, wit…
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Anonymous
Very good overview of the weekly steel market.
Anonymous