11
May
14:53
US scrap rises on scarce supply, Turkish demand
As anticipated, scrap prices trended up $20-35/gross ton, depending on the quality and the region, with the beginning last week of May trading the US domestic market.
This was mostly the result of scarce scrap supply amid the coronavirus outbreak and related restrictions in the country. However, with trading activity remaining limited, market participants are uncertain about the short-term outlook.
As a result of halts in industrial production, prime grade scrap …
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Anonymous
Very good overview of the weekly steel market.
Anonymous