US scrap expectationsremain down by $20/lt

摘要

The August scrap buyweek in the US began to take shapeTuesday, with many market participantsmaintaining expectations of minimumprice drops of $20/lt by the time sales settle. Questions remained, though,about how many tons would be transacted,as dealers debated how much materialthey would be willing to sell at theselower prices and how much demand therewould be from mills.