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21 Nov

US scrap market expresses optimism as supply tightens

Following eight consecutive months of decline, the US scrap market is seeing light at the end of the tunnel for December trading, due to tightening supply and ramping-up of steel production. Although some market participants are still doubting a possible recovery in prices, most do not see further falls as likely under current market conditions, Kallanish notes. “Collection has been seriously hit by low prices. On the other hand, we are in winter and the ho…
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