23
Jan
18:19
US scrap price slide may be nearing end
After falling for several months, scrap prices may have bottomed out, Kallanish reports.
The drop in scrap prices rippled through to finished steel prices at year-end, making buyers cautious of overstocking inventories, according to Steel Dynamics ceo Mark Millett, ceo of Steel Dynamics.
“There has been some buyer hesitancy. I believe it coincides with the raw material picture that has been depressed during the last two to three months," he says on…
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Anonymous
Very good overview of the weekly steel market.
Anonymous