US ferrous scrap market sentiment rebounding after February trade

摘要

After obsolete ferrous scrap prices declined in February on strong supply and a weakened exportmarket, the March price outlook is firming as several factors are bolstering price expectations, accordingto market sources.Winter weather and lower inbound pricing are heard to be successfully lowing obsolete flows. Inaddition, the export market may be turning the corner with several new US deals to Turkey during theweek of Feb. 8 at higher levels.