Approaching September trading, trend expectations are varying in the US scrap market.
While strong scrap prices in export markets and tight supply support the outlook for domestic scrap values, unfavourable conditions in steel markets are undermining this expectation. Potential production stoppages at some US mills are likely to impact scrap demand.
One scrap supplier tells Kallanish: "Tight supply might lift prices of some grades. However, a possible auto p…
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