18
May
15:19
US scrap drops in Turkey, but sentiment bullish
US market players’ sentiment over June scrap pricing varies as market conditions are changing very quickly and there are still a lot of uncertainties, Kallanish notes.
However, most market participants agree that a downtrend is unlikely due to ongoing tight supply. Although the capacity utilisation rate of US mills remains low, it is expected to improve and mills’ scrap demand is anticipated to increase in June.
On the West Coast, US-origin containeri…
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Anonymous
Very good overview of the weekly steel market.
Anonymous