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20 May

Benelux scrap remains stable amid holiday

Scrap prices in the Benelux are unchanged from last week amid the Whit Monday holiday. On Monday, Benelux dock prices were pegged mostly at around €305-310/tonne ($331-337) delivered. However, they are higher on a USD basis due to stronger euro at $1.086. Turkish mills were active in scrap purchases last week, procuring numerous cargoes. Although mills pushed for lower prices below $375/t cfr for EU-origin HMS 1&2 80:20 and placed bids at $373/t cfr, no …
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