24
Feb
14:53
US scrap market turns bullish over March pricing
US domestic scrap prices are expected to increase for March trading amid increased export prices, strong domestic demand as a result of high utilisation rates, and slow flow into yards.
Market participants’ negative outlooks have almost disappeared, while few people now have expectations for a sideways trend. Expectations for an increase have become more prevalent.
A US Midwest merchant tells Kallanish: “There is an expectation of an increase of $20/g…
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Anonymous
Very good overview of the weekly steel market.
Anonymous