23
Mar
14:03
US scrap market sentiment nosedives
The bullish market sentiment seen in the US scrap market at the beginning of March has evaporated, with market players now waiting for steeper decreases.
Most market players are unable to foresee mills’ production levels or scrap purchases, as well as domestic finished steel demand development. Scrap flow is being negatively affected by increasing anti-coronavirus measures.
A US Midwest scrap dealer tells Kallanish: “Prices will decrease, that's f…
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Anonymous
Very good overview of the weekly steel market.
Anonymous