22
Apr
15:25
US scrap market doubts higher prices
Approaching May trading, most participants in the US scrap market expect prices to move sideways again during the month, except for prime grades, notes Kallanish.
The potential rise in prime grades, on the other hand, is expected to remain limited to $10-15/gross ton. Although there are a few suppliers that expect prices to increase by more, most market participants doubt this due to the weakness in fundamentals.
On the US West Coast, local Taiwanese producer Fen…
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Anonymous
Very good overview of the weekly steel market.
Anonymous