May US scrap downside potential discussed at $10-$30/lt

摘要

Bearishness gripped the US ferrous market on Tuesday with some hopeful suppliersbelieving May price falls could be limited to $10/lt yet others bracing for a drop of as muchas $30/lt.“I didn’t see much scrap on the ground last week, but that doesn’t matter in thisenvironment,” one supplier said. “I think mills are happy to eat into inventories in thefalling market.”