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US steel scrap market scrounging for price relief
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It's sizzling outside, but the US steel scrap market is leaving some cold. Scrap prices dropped $20/lt during the July buy week, and August may face similar downward pressure. Nicholas Tolomeo, managing editor for steel scrap, describes why dealers are afraid another price dip could deal a blow to scrap flows, as well as whether some trade cases can offer a glimmer of hope to the industry.
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