27
Jul
15:53
US scrap prices to remain stronger in South
In the US domestic scrap market, prices are expected to trend sideways or downward by $5-30/gross tonne depending on the region and grade. While the finished-steel market is yet to recover from the negative effects of Covid-19, scrap oversupply still prevails in the country amid mills’ low capacity utilisation rates which stand at 59%.
Prime grade scrap price, which has fallen by $40/gt with July trading, is expected to decrease further in August trading. Du…
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Anonymous
Very good overview of the weekly steel market.
Anonymous