31
Jul
16:58
US scrap market expects prices to trend sideways
Approaching August trading, most market participants in the US are seen expecting prices to trend sideways amid a low supply and demand equilibrium. However, they also note that price direction is likely to diverge according to region and grade.
A scrap supplier tells Kallanish: “The situation is really confusing in the market as we are referring to low demand while buyers point to low steel sales and high costs. However, prices should end their long-lastin…
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Anonymous
Very good overview of the weekly steel market.
Anonymous