05
Jul
16:09
US July scrap trading to begin by mid-week
US mills are expected to begin scrap purchases by mid-week due to the 4 July holiday observation on Monday.
Although export markets are exerting downward pressure on prices, most market participants agree on higher prices, specifically for prime grades. Demand from US hot strip mills is expected to remain strong as sheet prices have been steadily increasing on the back of ongoing shortages. On the other hand, prime scrap is also in short supply due to ongoing semi…
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Anonymous
Very good overview of the weekly steel market.
Anonymous