16
Sep
13:01
Scrap flow slows in Europe
Following the sharp falls recently seen in scrap prices, European collectors have begun to balk at the current levels of yards’ buying prices.
Scrap yards in Benelux, which had already decreased their purchasing prices for HMS I/II 80:20 to €185-190/tonne ($204-209/t) cfr last week, have lowered them by another €5-10/t this week. This due to price pressures coming mostly from their export customers. Kallanish observes that some yards have in…
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Anonymous
Very good overview of the weekly steel market.
Anonymous