17
Oct
15:35
Weak demand continues to weigh on US scrap
US scrap prices, which have failed to recover for the sixth consecutive month during October trading, remain under pressure amid still sluggish US mill demand and slow exports, notes Kallanish.
Although supply is being seriously disrupted due to falling prices, the US scrap market has been unable to recover since May due to weak sentiment and falling steel prices globally. Market participants are seen remaining bearish in their price expectations for November trad…
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Anonymous
Very good overview of the weekly steel market.
Anonymous