29
Jul
14:36
US scrap to remain firm in August trading
US market participants expect scrap prices to remain firm or even strengthen for certain grades, with August trading around the corner.
Despite weakened support from exports, tight supply is expected to prop up prices once trading begins. The shortage of shredded scrap is expected to lift prices of this grade by up to $20/gross ton in some regions.
On the other hand, some market participants expect US sheet prices, which have finally stabilised, to recover in the…
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Anonymous
Very good overview of the weekly steel market.
Anonymous