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Pandemic fades, recession looms for H2 US ferrous scrap market | Hellenic Shipping News Worldwide

US ferrous scrap suppliers are facing a very different economic landscape in the second half of the year, as extreme price volatility stemming from Russia’s invasion of Ukraine gives way to an uncertain macroeconomic outlook for the steel industry. Domestic US shredded scrap prices climbed a notch above their previous all-time record of $600/lt on . ....

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