14
Oct
11:15
US scrap prices settle lower as expected
Scrap prices in the US domestic market have, as expected for the October-buying round, declined by $30-40/tonne, depending on the grade and region.
Weak demand and lower prices in the finished steel markets are the main factors behind the price decreases. Although scrap prices in the export markets have shown recovery, this has had no positive effect on domestic prices.
Although most market players think prices have bottomed and flow into yards has decreased …
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous