12
Sep
15:44
US scrap market fails to see expected recovery
Scrap prices in the US decreased in the September buy cycle, contrary to earlier expectations.
Although most market participants were quite bullish last month that prices were going to end the long-lasting downward trend in September, this has not materialised. Bearish sentiment in the global market amid decreasing production volumes, sharply falling prices in the major export destination, and Turkey and US mills’ low demand for scrap prevented prices from r…
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Anonymous
Very good overview of the weekly steel market.
Anonymous