26
Oct
14:41
US scrap market remains bullish over November pricing
Approaching the November scrap buy cycle, most US market participants’ expectations remain firm amid strong domestic demand and increasing export prices.
In the US market, the average steel mill capacity utilisation rate has exceeded 70%, while flat steel producers are running almost at full capacity amid strong demand. While this is expected to support US mills’ scrap demand, despite some mills’ planned outages, prices on both the West and East…
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Anonymous
Very good overview of the weekly steel market.
Anonymous