An emergent preference for United States-origin scrap dissipated in the week to Friday September 11 after sellers in the West Coast region raised offers by as much as $15-20 per tonne, according to market sources.
Bookings of Japanese material continued this week even after the Kanto Tetsugen auction closed $20 per tonne higher on Wednesday September 9."The huge price surge for both American and Japanese scrap has shocked...