20
Apr
13:14
US scrap price expectations differ for May
Following the $30-50/gross ton on-month decrease in April trading, US domestic scrap market players’ expectations differ over May pricing.
While US mills’ scrap purchases are heard to have decreased versus March by -60-70%, depending on the region, due to declining utilisation rates, scrap flow has also decreased significantly due to the Covid-19 pandemic.
Some US scrap yards find local prices unsatisfactory and are therefore withholding the limited m…
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Anonymous
Very good overview of the weekly steel market.
Anonymous