04
Nov
13:12
Turkey demand seen lifting US domestic scrap pricing
Local demand for scrap in the US has failed to pick up. However, stronger scrap prices, especially in the south and southeast, due to higher export prices are expected to lift transactions for November, which are anticipated to be settled soon.
Demand in the US Midwest remains weak due to continued mill outages through December. Market players say that flow into yards has decreased by -30-50% as a result of low pricing.
The expectation for November prici…
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Anonymous
Very good overview of the weekly steel market.
Anonymous