September scrap-pricing direction unclear in US market

摘要

After sharp declines in US scrap pricing in June and July, most scrap grades in most regions rebounded by more than 80 dollars/lt in August to return to late-May levels. But seaborne iron ore prices have continued to plunge in August. The Platts-assessed 62% Fe Iron Ore Index fell to 114 dollars/dry mt CFR North China on Tuesday, a 32-month low.