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US domestic scrap's best scenario in Sep could be sideways; a possible downturn in cuts and shred is also rumored

Domestic US scrap prices could follow a soft sideways trend in Sep again. In Nov and Dec, prices could go up do to seasonal factors.

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Product Weekly Change (%)
Billets FOB China 1.1
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Scrap HMS I/II 80:20 CFR Turkey 0
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  Weekly Change (%)
Turkish Rebar Index 1.39
Turkish Scrap Index 0.54
US (East Coast) HMS I/II scrap export index 0
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