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20 Nov

US scrap seen firming in December

Scrap prices in the US are mostly expected to rise during December amid continuing price rises in export markets and costlier hot rolled coil in the domestic market. However, there are some market participants that doubt this, as higher HRC values are facing resistance from domestic buyers. A US exporter tells Kallanish: “US scrap mostly follows the developments in the Turkish market. Consequently, the recent rises in the Turkish market should be reflected i…
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