US scrap price views flat after April decline, export prices rise

摘要

Pittsburgh—Following an April scrap buy week marked by uncertainty, thin trading volumes, and a sharp drop in prices, the US scrap market was heard to be sensing some price stability as participants set their sights on May. In contrast to the weeks ahead of the April buy that saw predictions for price drops ranging from down $20/lt to as much as down $100/lt, expectations for May are much more uniform. Most sources said May pricing would likely be firm or soft sideways once trading begins, although there are still likely to be low volumes traded.