15
Jan
14:51
US scrap settles downwards, expectations diverge
US January domestic scrap trading wrapped up with a decline at the end of last week, contrary to the positive expectations in December.
Most market participants were expecting further rises in January trading following the December gains. Although this did not materialise, neither did the steeper declines that were forecast at the beginning of the year.
Consequently, Midwest No.1 busheling prices fell around $25/gross ton from December values, while shredded fell…
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Anonymous
Very good overview of the weekly steel market.
Anonymous