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Approaching August trading, market participants in the US seem to have no clear idea about the price direction. Following its slump during July trading, the prime grade scrap price has seen the lowest spread between shredded after months. A scrap supplier tells Kallanish: “Prices have decreased in an unexpected way in July. Although we were certain that prices would fall, $145-150/tonne in prime grades and $30-35/t in obsolete grades were surprising. Alth…
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