20
Sep
15:53
US scrap market expects further prime grade price falls
Most participants in the US scrap market expect prime grade scrap prices to fall further in the October buy cycle, though price expectations are diverging significantly.
While some market participants think that busheling scrap prices will soften by $10-20/gross ton, others think they will slump by as much as $50/gt or even more. Obsolete scrap, on the other hand, is expected to trend mostly sideways during October trading.
A US scrap supplier tells Kallanish: &l…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous