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US Shredded Scrap prices remain flat at $382 a long ton

United States shredded scrap prices remained flat last week at $382 a long ton (delivered mill).

According to TSI, with East Coast yards resuming exports to Turkey this week and steel mill utilization rates running high, many participants are finding it hard to see any reason why prices would move downwards as they look forwards to September’s buying.

Perhaps in anticipation of a move higher, several mills were heard to be making enquiries to yards the week.

Source:Scrap Register

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