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24 Jan

Doubts surface over US February scrap rebound

Following the sharp fall in January-trading US scrap prices, US market participants were expecting February prices to offset January losses. However, they now doubt this will materialise, with a notable price rebound unlikely as demand is yet to recover. On the other hand, no further decline is expected as the onset of harsh winter conditions is disrupting scrap supply. A scrap supplier tells Kallanish: “Due to the unexpected degree of the January [pric…
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