26
Sep
16:15
Sentiment weakens further in US scrap market
Approaching October trading, sentiment in the US domestic scrap market is seen to have weakened even further, despite early expectations of recovery, Kallanish notes.
Although scrap flow into yards is yet to improve, weak demand from US mills amid outages is seen increasing pressure on prices. Prime and shredded scrap prices are expected to be the most impacted by the current situation, while the outlook for cut grades is slightly better. Still, a price rise is no…
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Anonymous
Very good overview of the weekly steel market.
Anonymous