09
Dec
14:11
US domestic scrap market trends strongly
In the US domestic market scrap prices began last week with a $30/gt increase but ended the week settling with a $40/gt hike for the December buy-cycle due to strong demand and trading activity.
As a result of domestic mills’ strong scrap demand versus tight supply and higher prices in export destinations, US scrap market sentiment remains bullish for the January buy-cycle.
In the US Midwest, HMS I prices, which stood at $205/tonne in the November buy-c…
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Anonymous
Very good overview of the weekly steel market.
Anonymous