14
Dec
14:48
US scrap market expects another sharp January rise
Bullish sentiment continues in the US scrap market, with all facts pointing to another strong scrap market in January, market participants tell Kallanish.
Scrap prices reaching record highs in the global market, increasing finished steel prices, strong global demand and higher capacity utilisation are seen as the major factors behind the bullish sentiment. While some market participants expect to see prices rises by $30-40/tonne, most find higher price hikes more …
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Anonymous
Very good overview of the weekly steel market.
Anonymous