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01 Nov
14:23

US scrap market eyes November trading, sentiment bullish

While November US scrap trading is expected to begin within a few days, expectations are seen diverging according to grade in the US domestic scrap market. While most market participants see an increase in shredded scrap prices as definite, expectations for prime grades differ. A US scrap supplier tells Kallanish: “Mills are replacing prime grades with other metallics as the spread between shredded and busheling is still too high. This is causing shredded …
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