US Scrap Prices may Rise Further in September

  • Wednesday, August 22, 2012
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  • Keywords:US Scrap
[Fellow]
[Ferro-Alloys.com]US scrap price will continue staying in upward trend in this September, according to traders.
 
The scrap prices have surged by around USD70~USD100/ton since this August.
 
They expected that lots of steel mills in the US will start the scrap purchase in early September, in spite of weak demand for steel products from the domestic market
 
At the same time, traders expected that the sharply increased scrap prices in the US domestic market will boost the scrap export prices.
 

The US scrap supplier hiked the export quotes to Turkey by USD20/ton in mid-August.

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