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15 Apr

US scrap to trend mostly flat in May

Following the US scrap price sideways trend in April, most US market participants expect values to remain flat in May trading, although some even find an uptick possible, specifically for prime grades. A dealer tells Kallanish: “Mills’ scrap buying interest has improved. On the other hand, sheet prices continue their steady climb, with expectations for further rises. These are likely to support scrap pricing. The spread between shredded and busheling a…
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