Bullish outlook for January US scrap pricing remains, most predict up $30/lt

摘要

Pittsburgh—The outlook for scrap pricing in the US remains firm heading into the January buy week, with most sources predicting a $30/lt premium on December pricing once trading gets underway. US export pricing on the East Coast remains firm, helping to support the bullish January outlook. "There's some demand there...Mills have good programs, everyone needs scrap. Exports are not going away," said one Ohio Valley supplier.