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October 24, 2024
Miller on scrap: Will winter trigger a rebound in ferrous markets?
Written by Stephen Miller
The recycled iron and steel markets seem to be “ho-hum” at this stage of October. The word on the street is strong sideways, which is really not a bullish sentiment compared to the optimism of two weeks ago.
Ferrous scrap flows are still fairly consistent and should be adequate to fill the increase in demand with the winding up of mill outages for the year. There is debate over how scrap flows and sentiment will extend into November.
