Trading in the US scrap market is expected to start on Tuesday, following the Labor Day holiday on Monday, Kallanish notes.
Expectations of market players are seen diverging, specifically for prime grades. Some expect prime grade prices to fall by at least $20/gross ton, as mills will be looking to lower prime grade prices amid weakening US sheet values. Maintenance stoppages and some mills’ cancellations of prime cargo purchases last week are exacerbating t…
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