Prime grades could bear brunt of US scrap downtrend

摘要

Prime scrap prices may bein US mills’ crosshairs next week as theyseek significant discounts on their Octoberscrap purchases.Scrap suppliers are bracing for price dropsduring the October buy week that is expectedto start Tuesday or Wednesday. With robustflows of scrap and a deteriorating bulk exportmarket, a price drop is all but assured nextweek. The questions that remain are howaggressive mills will be and if there is extradownside possible on prime scrap.