15
May
20:00
Ramadan softens Middle East demand for US scrap
With scrap prices trending downward, one factor influencing exports to Middle East destinations is the observation of Ramadan, a holy month on the Muslim calendar, Kallanish has learned.
An East Coast yard operator says that offers for scrap to Middle East destinations have been low for the past week.
“My overseas customers are telling me that the market is very soft right now. I have had one offer from Pakistan for HMS 1 & 2 at $280/tonne deli…
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Anonymous
Very good overview of the weekly steel market.
Anonymous