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Market senses ferrous scrap prices are at a peak

By Bill Beck - April 16, 2018

An April market fueled by expectations of $30 to $40 increases largely settled early last week at up $15 to $20 on cut grades, up $10 on busheling and bundles, and mostly sideways on turnings. The fact that reality fell short of expectations left many in the ferrous scrap community feeling that the 2018 bull market in ferrous scrap may have reached a zenith.

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