29
Jan
15:08
Sentiment improves in US domestic scrap market
Approaching February trading, sentiment in the US domestic scrap market has improved compared to previous weeks, when most market participants found a downward trend more likely, Kallanish notes.
Prices are seen finding support from low temperatures and snowstorms that are restricting inflow to scrap yards. Some suppliers indicate that inflow, impacted by unfavourable weather conditions, has been cut by 20-30% from early-January levels.
However, while domestic d…
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Anonymous
Very good overview of the weekly steel market.
Anonymous