23
Jan
14:29
US scrap prices remain firm despite diverging expectations
Approaching February trading, US market participants’ expectations for scrap prices seem to be diverging, Kallanish notes.
Although most suppliers expect prices to increase further due to weak inflow of the material, some, mostly producers, question this amid high inflation and possible US recession.
“Shredded scrap prices have already increased by more than $50/gross ton in two months. Steel sales have to support these increases, but we are not yet a…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous