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18 Mar
14:52

US scrap market eyes April trading

Following the slump in scrap prices during March trading, expectations for April trading are seen diverging in the US domestic market, notes Kallanish. Although participants hope for prices to remain at least flat during April trading, negative sentiment in the global market is causing them to remain cautious. Pressured export prices, improved supply and expected weak demand amid mill outages are seen hampering the positive outlook. On the other hand, market part…
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