06
Jun
15:37
US scrap market prepares for lower prices
The US scrap market, which is expected to settle this week, is preparing for lower prices amid domestic mills’ lower buying programs due to poor order books, weakening export prices and HRC, and increasing pressure on pig iron prices.
While some market participants expect prices to fall by $50/gross ton from May, most think steeper falls are more likely.
A US scrap supplier tells Kallanish: "HRC price dropped almost $50/gt in a week and the glo…
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Anonymous
Very good overview of the weekly steel market.
Anonymous