26
Oct
18:14
Schnitzer reports third-quarter rebound in ferrous scrap prices
Schnitzer Steel Industries’ third quarter earnings report says ferrous scrap prices have rebounded modestly since May, Kallanish reports.
Schnitzer says scrap demand has strengthened as Turkey re-entered the finished steel markets, resetting the playing field among importers into the US, as section 232 exemptions expired.
The company reports ferrous scrap prices also benefiting from a -15% decline in Chinese exports of finished and semi-finished steel f…
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Anonymous
Very good overview of the weekly steel market.
Anonymous