22
Nov
14:56
US scrap trends seen diverging in December trading
Approaching December trading, US scrap price expectations are seen diverging depending on grade and region.
While most market participants agree on higher shredded scrap prices due to the tightness of supply, the rate of increase is up for debate.
A US scrap supplier tells Kallanish: “Shredded scrap prices will most probably remain firm as US mills continue to prefer this grade over busheling. But, unlike some, I am not expecting a $30-40/tonne increase. Th…
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Anonymous
Very good overview of the weekly steel market.
Anonymous