US steel sentiment remains bearish as uncertainty looms over the demand outlook: survey

The sentiment for finished steel prices continued to slide as the November scrap buy week was underway, according to the most recent S&P Global Commodity Insights US steel market participant survey. In the survey of US producers, distributors, traders, and end-users, 87.1% expected finished prices to fall further during November, up from October, where 74.2% were bearish, with only 3.2%…

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