January 2018 | Steel Scrap and Metallics Forecaster
January saw scrap price rise in most of the regions: Latest Analysis
The Chinese domestic scrap market pioneered the expected downtrend: heavy melt scrap prices have been declining since late December after a rally during most of the fourth quarter of 2017 which had brought the prices up by impressive 885 yuan ($134) per tonne.
January saw scrap price rise in most of the regions...
January started on a bullish note for ferrous scrap market participants in the United States and Europe. Supported by the strong import scrap market in Turkey, monthly settlements in the US saw domestic prices rise by $20-30 per long (gross) ton depending on the grade. Scrap prices increased by 10-15 ($12-19) per tonne across the EU and by £20 ($28) per...
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