US domestic scrap sentiment improves for November

摘要

A spot price increase announced by a major sheet mill, along with a spot buy of scrap from a mill this week, boosted market sentiment for November scrap pricing among US scrap dealers. On Tuesday, US Steel began informing customers it was increasing its sheet prices by $40/st, effective immediately. “I knew that would make all scrap guys act up a little,” one northeastern scrap trader said of the announcement.