17
May
15:30
US scrap market expectations strengthen for June trading
Following the $20/gross ton price rise seen for US obsolete grades in May trading, market participants are seen more bullish now for June trading.
Although early expectations were pointing to another $20-30/gt increase in June, most market participants have revised their expectations upwards to above $45-50/gt. Such a sharp increase, reminiscent of 2008, and the latest developments in China, however, are worrying market players.
A US scrap supplier tells Ka…
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Anonymous
Very good overview of the weekly steel market.
Anonymous