05
Feb
14:55
US scrap market turns pessimistic about February pricing
With US February scrap trading set to begin soon, some mills have already started expressing lower price targets and market participants are seen losing their optimism about prices, Kallanish notes.
Ahead of trading, prime grades are seen to be under stronger pressure compared to obsolete grades as obsolete supply was strongly impacted by harsh weather conditions in January. Some mills, expecting lower prices in February trading, cancelled their delayed January-sh…
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Anonymous
Very good overview of the weekly steel market.
Anonymous