05
Dec
14:14
US scrap market prepares for price recovery
The US scrap market is seen preparing for price rises after seven months of continuously declining values. This is mostly a result of the recent sharp increases seen in export markets and recovery in US sheet prices, Kallanish notes.
With trading expected to kick off in a few days, participants foresee no declines for any grade. Although a few sources expect obsolete grades to trend sideways, most doubt this will happen due to the strong export prices and tighteni…
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Anonymous
Very good overview of the weekly steel market.
Anonymous