21
Dec
14:54
US scrap returns to Turkey with a bang
Approaching the new year, market participants remain quite bullish over US domestic scrap prices in January trading.
While price increases continue unabated in export markets, US mills’ demand for scrap is also strong. Coupled with the imbalance between scrap supply and demand, and harsh winter conditions, the outlook for scrap prices remains firm in the US domestic market. Most market participants expect to see rises in scrap prices starting from $50/tonne,…
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Anonymous
Very good overview of the weekly steel market.
Anonymous