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16 Jan

Supply shortage prevails in US scrap market

The US scrap market, which has seen an uptick in prices during January trading, continues to be pressured by supply issues, Kallanish notes. Although US mills’ current utilisation rate of around 77% is below the 2021 average, a peak in recent years, the increase in prices is mostly the result of tight scrap supply. “It is a sellers’ market now. Mills have to fight for limited supply. Some are seen to have even failed to source,” says a dom…
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