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04 Jul

Improved sentiment unlikely to prevent US scrap decline

US scrap market sentiment has worsened before the start of July trading, expected after the Independence Day holiday. Prices are expected to record significant falls for the third consecutive month. Although values have recovered in Turkey, the largest export destination, this is seemingly not going to prevent a decline in US domestic scrap prices. Amid weak order books, reduced buying programmes and decreasing hot rolled coil prices, the fall in scrap values is…
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Burcak Alpman  |  Turkey
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