25
Jul
12:27
BIR sees scrap stabilising, Chinese exports restricting hikes
Scrap prices should be more stable throughout the summer than in last year’s corresponding period; however, continuing Chinese exports of surplus steel output will restrict price increases, according to the Bureau of International Recycling (BIR).
Following a $100/tonne plunge in scrap prices in May-June, “…we now seem to be bumping along the bottom and looking for a recovery,” says BIR Ferrous Division President William Schmiedel in a r…
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Anonymous
Very good overview of the weekly steel market.
Anonymous