06
Apr
14:50
Pandemic could delay US domestic scrap price settlement
Prices in the US domestic scrap market were expected to begin settling on Monday despite uncertainty surrounding the coronavirus pandemic and its effect on trade. Market players are, however, unsure if prices will fully settle this week and see the process being prolonged.
Although most sources expect a sharp decline of up to $100/gross ton compared to March prices, some suppliers say this is unreasonable. Mills are nevertheless seen to be targeting steep decrease…
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Anonymous
Very good overview of the weekly steel market.
Anonymous