20
Jun
15:57
US scrap not seen recovering amid unfavourable conditions
Approaching July trading, US scrap market conditions are pointing to further price falls. In addition to the current problems, global sentiment is worsening further with another price crash in China on Monday.
While prices are sharply falling in major export market Turkey, pressure from other destinations is also increasing. Decreasing pig iron and sheet prices are meanwhile providing no support for scrap prices and US mills’ order books are quite poor. Besi…
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Anonymous
Very good overview of the weekly steel market.
Anonymous