Although
US domestic
scrap prices are likely to hold at sideways for August buys,
US dealers may push for higher prices if certain downstream products such as HRC and OCTG casing start to firm.
US export yards are paying close attention to the domestic market, and sources tell SteelOrbis that they may try to bump up prices from current levels if the market seems amenable.
Already,
US export prices for HMS I/II 80:20 and P&S
scrap have firmed by approximately $6/mt CFR, to $378/mt and $388/mt, respectively, in the last two weeks. As for booking activity, sources say
US export yards are not especially eager to sell to Turkish mills at the moment as they await the direction of the
US domestic
scrap trend.