27
Jan
15:01
US scrap market now anticipates price decline
Almost all US scrap market participants now agree domestic February-trading prices will decline, as opposed to strong expectations at the beginning of January of a sideways trend.
Demand weakness and price drops in export markets have resulted in US mills slowing purchases and dock prices declining. US-origin scrap demand in Turkey continues to be weak, while no improvement in Asian demand is expected due to the ongoing Lunar New Year holidays. US mills are delayi…
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Anonymous
Very good overview of the weekly steel market.
Anonymous