04
May
15:11
US scrap prices seen increasing on tight supply
Scrap inflow has declined in the US domestic market, strengthening sentiment for an upward trend, while prices are expected to settle this week.
Although US mills’ scrap demand is not strong, with most reportedly operating at 40% capacity utilisation, scrap inflow has slowed due to the ongoing Covid-19-related restrictions. As a result of tight supply, domestic scrap prices in May trading are expected to settle at $10-40/gross ton higher, depending on t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous