28
Jun
14:47
US scrap readies for July-trading increase
Counting down to July trading, market participants remain bullish over scrap prices in the US domestic market.
Although most market participants expect prices to increase at a slower rate compared to June trading, US mills’ strong demand is expected to prevent prices from falling. Only a few market players seem to be cautious regarding a further increase, due to price pressure in major export destinations.
A US scrap supplier tells Kallanish: “Domesti…
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Anonymous
Very good overview of the weekly steel market.
Anonymous