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The US scrap market is expected to kick off trading early this week on an upward trend, Kallanish notes. While some mills were expected to start bidding on 6 March, the market is seen settling by the end of the week. Amid tight supply, mills are expected to show strong demand for scrap. This, coupled with higher export prices and rising sheet prices, is expected to lift US domestic scrap prices during March trading. Market participants expect obsolete grade price…
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