17
Apr
16:16
US scrap expects further weakening on bearish sentiment
US scrap prices, which settled for April at mostly weaker levels than in March, are facing further pressure amid weak global sentiment, low export demand and growing supply heading towards May.
Following the downward trend in most grades during April trading, market participants seem more bearish about prices in May trading.
A supplier tells Kallanish: “The flow of obsolete scrap has increased due to seasonal factors. On the other hand, obsolete scrap, whic…
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Anonymous
Very good overview of the weekly steel market.
Anonymous