31
Aug
15:20
US scrap prices to settle higher
US domestic scrap prices are expected to start settling this week with a high probability of an increase, given the uptick seen in sheet prices last week. Meanwhile, US mills’ capacity utilisation rates have further increased to above 63%.
Shredded prices in the Midwest are expected to increase up to $35/gross ton as the Midwest has lagged behind the South and Southeast in previous price hikes, causing scrap flow to move south. Scrap prices are expected to i…
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Anonymous
Very good overview of the weekly steel market.
Anonymous