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US scrap surcharges to decline

US scrap surcharges to decline, could impact November prices

A key US shredded scrap price that determines surcharges for a number of steel products, especially longs, has declined by $30 a long ton – from $370 to $340, Steel Business Briefing learns.

As SBB previously reported, the shredded scrap price was expected to decline by at least $20/l.t.

Source: Steel Business Briefing

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