07
Dec
14:55
US domestic scrap jumps, export offers scant
US scrap trading, which started in the middle of last week, is expected to continue in the initial days of the current week as some mills are yet to complete their required purchases.
Prices have seen a sharp increase in the US market, as expected. The hikes have been triggered mostly by strong steel demand and increasing capacity utilisation in the US, as well as sharp price increases seen in export destinations and firm scrap demand versus tight supply.
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Anonymous
Very good overview of the weekly steel market.
Anonymous