05
Apr
15:24
US scrap price drop expectation leads to cancellations
As April trading approaches in the US domestic scrap market, while all market players expect obsolete scrap prices to decline, some mills are seen to have cancelled their previous orders for obsolete grades. Expectations for prime scrap pricing, however, remain firm under current market conditions.
The price declines in export destinations, where obsolete grades are mostly preferred, until the last week of March and the resumption in the scrap flow support t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous