10
Jan
17:11
Longs sentiment improves, scrap correction likely: Irepas
Long products market sentiment has improved with the anticipation of a US-China trade deal being signed, says the International Rebar Exporters and Producers Association (Irepas). Previous fears of a possible recession, moreover, seem to have been overblown.
Scrap prices are expected to show some correction since rebar prices have become stuck at $450/tonne fob Turkey and there is no sign these prices will improve. Mills’ order-books in Turkey are less …
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Anonymous
Very good overview of the weekly steel market.
Anonymous