18
Oct
15:31
US scrap to recover amid firm export markets
Market participants in the US see October-trading scrap prices bottoming and expect a recovery in November.
Following the sharp increases seen in export markets recently, market participants in the US are more confident now that scrap prices will increase in November trading.
In October trading, prime scrap prices fell by $20/gross ton, while obsolete grades remained mostly unchanged from September prices.
A US scrap supplier tells Kallanish: “We have hit …
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Anonymous
Very good overview of the weekly steel market.
Anonymous