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25 Sep

US scrap direction remains uncertain amid automotive strike

Approaching October trading, the direction of the US scrap market remains uncertain amid numerous factors impacting trade, Kallanish notes. The duration and extent of the US automotive strike will play the most important role for the level of scrap demand, as steel producers’ sales will be affected accordingly. However, sentiment is getting more bearish each day that no agreement is reached between automakers and the UAW union, with the strike seemingly grow…
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