19
Feb
14:37
US scrap sentiment remains weak for March trading
Following the downtick in February trading in the US, market sentiment has failed to improve for March trading, notes Kallanish.
Although there are some market participants who foresee an improvement or at least sideways pricing in March trading, most seem bearish about market prospects.
“Fundamentals are quite weak amid declining sheet prices and weakening export values. Besides, flow is likely to improve due to seasonal factors,” says a US mill sou…
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Anonymous
Very good overview of the weekly steel market.
Anonymous