25
Oct
15:24
US scrap market remains bullish over November trading
US scrap market participants expect prices, especially for obsolete grades, to increase in the November buy cycle. Despite fourth-quarter US production outages, the sharp price increases seen in major export destinations are expected to support prices in the US domestic market.
Sellers, aiming to sell at higher prices in November trading, are seen holding back material.
A US scrap supplier tells Kallanish: “Prices have increased by more than $50/tonne in Tu…
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Anonymous
Very good overview of the weekly steel market.
Anonymous