US scrap prices trendingopposite other raw materials

摘要

US domestic scrap prices,which have risen since early December,continue to buck the declining trend ofother steelmaking raw materials.Since concluding formal Decemberscrap procurement in the first week of themonth, mills have aggressively re-enteredthe market, paying top prices to securematerial. Prices for shredded and cutgrades have climbed by as much as $30/ltsince the first week of December.