10
Oct
15:50
US scrap trading continues, prices fall as expected
US October scrap trading has started, with strong pressure from mills last week causing prices to edge down, as expected.
Although trading continued on Monday, prices have already lost $15-25/gross ton, depending on grade and region, in less than a week. Some market participants believe prices are likely to fall further as some mills’ outages are continuing in October and demand for shredded and premium grades is weak.
A US supplier tells Kallanish: “…
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Anonymous
Very good overview of the weekly steel market.
Anonymous