Prime ferrous scrap prices are tumbling in the United States, although early deals in the South are faring better than the northern region while an overhang in secondary grades that brutalized the January settlement appears to have ended.Trading is well under way in Detroit, with sales of No1 busheling occurring down $20 per gross ton compared with January prices while mills in the area collectively hold their ground on offers.“The mills are trying to buy all the prime they can get this month so that they can curtail any potential increases in March. Nobody is going to give you anythi
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