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Supply, Mill and Dealer Quotes Erode US Steel Scrap Sentiment

from Platts

Anticipation of an upturn for February steel scrap prices by U.S. dealers eroded as mills and brokers entered the market early with quotes lower than prices negotiated for January requirements. Two major scrap brokers were heard to have quoted prices representing a discount to prices paid for January supplies, with one broker seeking prices down as much as $20/lt. Multiple Midwestern U.S. mills were heard to have quoted prices to one dealer at lower prices, as well. more


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