03
Feb
14:21
US scrap sentiment softens following fresh Turkey deal
February trading activity for US domestic scrap is most likely to start this week, but sentiment over pricing is more bearish now with expectations of a $20-30/gross ton drop.
Lack of exports and lower domestic demand have added to the bearishness in the US scrap market. Although in the first half of January many market players had expected a sideways pricing trend, now they are seen to be betting on a decrease.
Turkey, the largest buyer of US scrap, h…
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Anonymous
Very good overview of the weekly steel market.
Anonymous