The US scrap buy week for April was very driven by regionally specific demand factors, from export markets to tight supply to aggressive buying from mini mills. Nicholas Tolomeo, managing editor for Americas raw materials, recaps the price movements, explains global factors such why the ratio between US shredded scrap and iron ore prices in China reached a seven-year high, and looks ahead to what the market sentiment is around the May buy week and the warming weather.
This is the latest in a series of podcasts aimed at analyzing significant steel news and price movements around the globe. Check back regularly for the latest update.
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