04
Jan
14:28
China’s import resumption to boost US scrap prices
The US scrap market, which has already had a strong start to the new year, is expected to find further support with China’s entrance into the seaborne scrap market.
All market fundamentals are solid: export markets are strong, domestic sheet prices have exceeded $1,000/short ton for the first time since 2008, and domestic finished steel and scrap demand is strong. Now, China’s resumption of scrap imports is expected to provide yet further support for U…
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Anonymous
Very good overview of the weekly steel market.
Anonymous