24
May
16:03
US scrap market expectations remain strong
Approaching June trading, market participants’ expectations remain firm in the US scrap market. Among the factors supporting a firm market are strong domestic scrap demand, finished steel prices at historical highs and the price rises seen in export destinations in May.
A US scrap supplier tells Kallanish: "Market fundamentals are solid. Scrap prices will rise at least by $45-50/gross ton.”
Although domestic suppliers remain bullish for June trad…
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Anonymous
Very good overview of the weekly steel market.
Anonymous