Coronavirus impacts muddy stillbearish April US steel scrap outlook

摘要

Pittsburgh—As effects from the Coronavirus continue to ripple through the US economy, market participants’ outlooks for the upcoming April scrap buy week continue to grow more bearish. With broad near-term uncertainty, sources' estimates for the April buy have varied widely, from down $30/lt to down $70/lt, and some sources reported a mill buying group had discussed as much as down $50-$100/lt from March.