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Iron Ore and Steel Scrap Prices Diverge after Section 232 Tariffs

Mark O'Hara
Updated
Iron Ore and Steel Scrap Prices Diverge after Section 232 Tariffs

Iron ore and steel scrap are the key steelmaking raw materials. In the United States, steel prices and scrap prices tend to move in tandem. On the other hand, Chinese steel and seaborne iron ore prices usually mirror each other.

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