Scrap Prices North America
February 25, 2014
Asian Scrap Markets - A Temporary Bottom or Dead Cat Bounce?
Written by Damon Sun
The following article on the status of the Asian ferrous scrap markets was written by Damon Sun of Daido International. Mr. Sun is a regular contributor to Steel Market Update and an active scrap trader into the Asian markets. Here is how he sees the ferrous scrap markets in Asia this week:
Asian markets are still in pretty bad shape but there seems to be a temporary bottom or a dead cat bounce. It remains to be seen if it will hold.
