17
Apr
19:44
US scrap flow applies downward pressure
Domestic scrap dealers are seeing good flows at the yards, which may end up putting downward pressure on prices, Kallanish reports.
While HMS appears to be holding at around $300/short ton this week, talk of a continued downward movement is circulating.
“Weather hasn’t affected us too much lately, but it seems like prices are on a downhill slide,” says one Missouri-based dealer. “Heavy melt is still going for about $300/st and shredded…
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Anonymous
Very good overview of the weekly steel market.
Anonymous