16
May
16:30
Global price correction weakens US scrap outlook
Following their slump in May trading, US scrap prices are expected to fall further in June trading, due to the negative sentiment prevailing in global scrap and steel markets.
US market participants are seen to be quite pessimistic about June pricing amid the slumping global market. One US scrap supplier tells Kallanish: “Not only are prices falling, but global scrap demand is also non-existent. This is preventing us from seeing where price falls will end. …
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Anonymous
Very good overview of the weekly steel market.
Anonymous