03
Oct
14:56
US scrap market prepares to settle lower
October trading in the US scrap market is expected to start soon, with almost all market participants agreeing on lower prices. This will be the seventh consecutive decline in the US market, a run not seen for a long time, Kallanish notes.
Stronger belief that prices will fall in October caused an increase in the number of cancellations of September bookings towards the end of last week. Market participants are seen expecting prices to fall by another $15-30/tonne…
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Anonymous
Very good overview of the weekly steel market.
Anonymous