11
Jul
11:06
EU stainless scrappers need to hedge currency risk
The recent strengthening of the dollar against the euro poses particular challenges to European stainless steel scrap merchants, who would be well-advised to hedge their risk, according to an industry observer.
On the one hand, scrap collecting firms are mostly small and family-owned, and within Europe do business in euros. “It’s virtually a euro market,“ says Roland Mauss of Oryx Stainless. But if trading with stainless scrap, the dollar-quote…
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Anonymous
Very good overview of the weekly steel market.
Anonymous