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30 Jan

Positive outlook lifts US scrap market

Approaching February trading, sentiment has turned more bullish in the US scrap market, Kallanish notes. Domestic scrap prices are likely to find support from growing demand, ongoing supply issues and improving prices in the largest export destination, Turkey. Although some market players still doubt further price rises and find a sideways trend more likely, most seem to be preparing for higher prices during February trading. Nevertheless, neither side see…
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