21
Aug
15:44
US scrap seeks direction amid opposing factors
Approaching September trading, trend expectations vary in the US scrap market, Kallanish notes.
While the sharp increase in export prices has created optimism about September scrap pricing, the unfavourable situation in steel sales is tempering this optimism. On the other hand, some US mills have announced production suspensions for September to carry out maintenance, which is likely to impact their scrap demand.
In the current market conditions, most participant…
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Anonymous
Very good overview of the weekly steel market.
Anonymous