22
Feb
11:36
European scrap forecast to increase
European scrap prices are forecast to increase significantly in March, possibly in the range €20-30/tonne ($21.3-31.9) compared to February levels against the backdrop of strong post-earthquake Turkish demand, sources in France, Italy, Germany and Eastern Europe believe.
Some scrap exporters from northern European ports are waiting for prices to increase further from the current $430/t cfr Turkey to sell their cargoes, Kallanish understands.
An exporter says…
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Anonymous
Very good overview of the weekly steel market.
Anonymous