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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…
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