02
Nov
14:52
US scrap prices expected to settle firm
US domestic scrap prices are expected to start settling by mid-week, with no market players foreseeing a downtrend.
Strong finished steel prices in the US and the scrap export price uptrend are expected to support domestic scrap prices.
“A strong sideways trend is very likely depending on the grade and region,” says a scrap supplier. “Under current conditions, where market fundamentals are strong, mills would not like to risk scrap availability.…
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Anonymous
Very good overview of the weekly steel market.
Anonymous