US scrap moves up $10-$20/lt in early trading

摘要

Prime scrap moved up $20/lt andobsolete scrap moved up $10/lt in early tradingaround Detroit on Wednesday while a bid/offergap between US mills and domestic supplierskept things at a standstill in most other regions.Aggressive demand for prime scrap by onemajor mill group stoked supplier optimism. Themajor mill group was seeking prime scrap fromremote areas via railcar on 60- and 90-dayterms, rather than the typical one-month dealsmade in the US market.