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US scrap prices will continue rising

Sources: US scrap prices will continue rising

The US scrap market for January and February is still taking shape – but market players tell Steel Business Briefing they expect prices to continue their upward march.

“I think the demand is going to be exceeding the supply, so I think prices will remain strong,” said one West Coast market player who said shredded scrap for export to Asia was selling at around $300/long ton, fob.

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