05
Oct
15:59
US scrap market curbs price expectations
Most US scrap market participants have revised their expectations to a sideways price trend from the earlier uptrend forecast. This is mostly the result of stagnant export demand on both the East and West Coasts, and pressure on scrap prices.
While October trading is expected to start and fully settle in the US domestic market this week, sluggish export demand has now curbed market participants’ expectations. They had been ignoring this factor in previous we…
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Anonymous
Very good overview of the weekly steel market.
Anonymous