09
Feb
13:27
US February scrap settles downwards as expected
February trading in the US scrap market started last week, with prices now settling lower except for prime grades, as expected.
While cut grades and shredded scrap prices have dropped a bit more than expected, prime grade scrap prices have remained unchanged, compared to January trading.
Although some mills initially bid $70/tonne lower for cut grades in early trading, prices have since firmed. As a result, cut grades and shredded scrap prices decreased by $50-60…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous