Steel scrap prices near inflection point: Jefferies
Apr 16, 2012 | 12:46 PM
| Anne Riley
NEW YORK Ferrous scrap prices might be nearing an inflection point in the U.S. market after months of sideways and downward movement, according to a Jefferies & Co. Inc. analyst.
"The supply pressure on prime grades is showing early signs of abating, and increased substitution of busheling in place of shredded scrap should help expedite the process," Jefferies equities analyst Luke Folta wrote in a report Monday.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.