25
Jul
15:42
Sentiment worsens in US scrap market
Approaching August trading, sentiment is seen to have worsened in the US scrap market, while most market participants see further falls as inevitable.
Weak finished steel markets, sinking pig iron prices and depressed scrap export prices are likely to exert strong pressure on scrap prices during August trading.
Although market participants are seen finding stronger support for shredded scrap, the outlook for prime grades remains quite weak. Some market participa…
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Anonymous
Very good overview of the weekly steel market.
Anonymous