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CRU: There is still a lack of momentum in the scrap market
Despite new aluminum mills coming online, there has been a recent scarcity of scrap, which typically keeps supply constrained.
Despite new aluminum mills coming online, there has been a recent scarcity of scrap, which typically keeps supply constrained.
The consensus for ferrous scrap is sideways, maybe not a strong sideways this month.
The wild cards in some price negotiations are Bangladesh and India.
Soft-to-strong sideways headed into April?