13
Dec
14:19
US scrap settles sideways, January expectations diverge
The US scrap market has settled sideways in December trading. Although most market participants were bullish and expecting an increase, particularly in shredded scrap prices, this has not materialised during December trading. The bearish sentiment in major US export destinations weighed heavily on US domestic scrap pricing and prevented an uptick.
Market participants seem to have different opinions for January trading. However, it is also striking that most of the…
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Anonymous
Very good overview of the weekly steel market.
Anonymous