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West Coast scrap drops further
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In today’s steel business briefing there is an article which follows outlining the quick drop in scrap pricing for export to Taiwan via containers.  In short, scrap dropped about $100/mt in the past 3 weeks and is now about $180 to $190 mt loaded containers at the LA port.  Meanwhile, steel mills in the USA…
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What do traders do?
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A well known steelmogul told the audience at the Steel Survival Strategies meetings that traders need to be removed from the supply chain. He said removing traders would make the supply chain more efficient and sustainable. Well, I beg to differ. You actually need us more than you think. When steel mills are fully…