25
Mar
14:17
Sentiment improves in US scrap market
Following the slump during March trading, the sentiment is seen to have improved for April trading in the US domestic scrap market.
While prime grade scrap prices are expected to find support from price gains in hot rolled coil and pig iron, an uptick seems unlikely for cut grades as cut grade flow tradionally improves in spring.
US suppliers are also seeking higher prices in major export destinations, Kallanish notes.
On the West Coast, a Taiwanese mill is sup…
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Anonymous
Very good overview of the weekly steel market.
Anonymous