Mild trade on tap for Aug ferrous scrap market

摘要

With August less than a week away, sights are focused on the direction of the next monthly ferrous scrap negotiations in the United States. While sellers are conceding that secondary grades like shredded scrap will suffer a downturn, they are holding out hope that prime grades like No1 busheling will be firm. "A lot of people are talking down $20 a ton on shredded but sideways on prime," one Midwest recycler source said. A second Midwest seller echoed that sentiment. "Prime is quietly firm and there does appear to be a slight softening of the secondary grades," this source said.