US November scrap settles up $10-$20/lt as bulls prevail

摘要

US steelmakers were finalizingtheir November scrap purchases Friday,paying suppliers $10-$20/lt above Octoberpricing while dealers maintained bullishexpectations for the remainder of the year.For the most part, prime scrap priceswere up $10/lt and obsolete prices wereup $20/lt, a trend that started Wednesdayafternoon when an Indiana mill entered themarket paying those levels.