Tag: US scrap eases w-o-w despite firm demand; euro strength supports EU offers

Buyer resistance puts pressure on US export prices Export bid-offer gap widens w-o-w US scrap markets stayed weather-affected but saw strong February settlements on firm domestic steel demand, while export prices dipped w-o-w as buyers resisted higher offers. In Europe, a stronger euro and high collection costs supported sellers, and Brazil maintained steady scrap and…