Tight Steel Scrap Supply Likely To Limit Downside Room Of Steel Prices

Published: May 25, 2023 16:24 (GMT+8)

Source: SMM

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SHANGHAI, May 25 (SMM) - Macro headwinds may weigh on steel prices in the short term, but tight steel scrap supply will limit the downside room of steel prices.

SHANGHAI, May 25 (SMM) - Macro headwinds may weigh on steel prices in the short term, but tight steel scrap supply will limit the downside room of steel prices. Due to persistent losses, operating rates of EF steel mills will drop slightly next week.

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