23
Sep
13:10
Market anticipates US domestic scrap price October downtrend
The US domestic scrap market, strongly affected by local mills’ sluggish demand, shows no sign of an upward trend in the October buy cycle.
Although the strike against GM is heading into the second week, it is not expected to affect scrap supply in the short term. “If it continues for more than a month, we may start experiencing shortages in supply, especially in the prime grades” a scrap trader says. “The main issue on scrap pricing is d…
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Anonymous
Very good overview of the weekly steel market.
Anonymous