31
Oct
14:54
US scrap market recovery remains elusive
Approaching the November buy-cycle, the US scrap market continues to remain under pressure as demand in both domestic and export markets is yet to pick up.
With sentiment deteriorating each day, November is expected to see the eighth consecutive fall since April.
While prime grades face the strongest pressure due to imbalanced supply and demand, obsolete grades seem to be less under pressure as material inflow has decreased, in line with prices. Despite reduced i…
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Anonymous
Very good overview of the weekly steel market.
Anonymous