26
Jun
20:34
Downward pressure on scrap continues for US dealers
The fall in scrap prices may be slowing, but it has not yet hit bottom, Kallanish reports. Several sources are expecting another $10 -$20/short ton drop across the board for ferrous scrap products over the next 30 days.
“We are looking at another drop in July which will make it four months running,” says a central Ohio dealer. ”The year continues to be slow. We have a decent flow at the yard now, but the mills are not cranking out the volume, s…
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Anonymous
Very good overview of the weekly steel market.
Anonymous