13
Jul
15:34
US domestic scrap settles lower amid oversupply
Scrap prices in the US domestic market decreased sharply in July trading which started last week. Prime grades declined more steeply compared to other grades, as expected, due to the oversupply of the material. Mills’ scrap demand is yet to recover.
Prime grade scrap, which increased by $10/gross ton in June trading, has slumped by $40/gt in July trading. Slow demand versus high prime grade supply following the resumption in industrial production has created…
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Anonymous
Very good overview of the weekly steel market.
Anonymous