13
Apr
12:40
US scrap market settles lower
Although trading activity started last Tuesday in the US scrap market, the number of purchases has remained quite low as both buyers and sellers are seen to have taken a wait-and-see position.
Mills were targeting steep price decreases of up to $100/tonne. Prices for obsolete scrap have settled $50/gross ton lower while prime grades settled $30/gt lower however, than those in March.
While it remains unclear how long the producers' closures and production cut…
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Anonymous
Very good overview of the weekly steel market.
Anonymous