12
Feb
14:42
US domestic scrap settles mostly down from January
February trading in the US domestic market was mostly wrapped up on Monday, with settled prices sideways to down $30/gross ton depending on the grade and region.
The decline in hot rolled coil prices as well as sliding exports weighed on values, while mills’ demand remained lower than expected amid lacking support from steel sales.
Prime grade scrap once again endured the most downward price pressure, as previously predicted by Kallanish. It decreased by $…
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Anonymous
Very good overview of the weekly steel market.
Anonymous