26
Jul
09:34
Scrap market to recover, US prices find floor
Better times are ahead for the scrap market following the current summer lull that is lasting longer than usual, with the unusual buying pattern by Turkish steelmakers adding to an already uncertain market. This is according to Bureau of International Recycling (BIR) Ferrous Division President Greg Schnitzer.
Iron ore pricing sitting at close to record levels could but is not guaranteed to provide the possibility of more scrap consumption versus iron ore.
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Anonymous
Very good overview of the weekly steel market.
Anonymous