Research

Forecasts and market analysis based on price assessments from Fastmarkets MB and Fastmarkets AMM

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December 2018 | Steel Scrap and Metallics Forecaster


European scrap markets end year on sour note with lack of Turkish sales: Europe Market Analysis


Fastmarkets MB’s price for Northern Europe origin HMS 1&2 (80:20) fell 8.4% month-on-month to a December average of $298.51 per with Turkish mills and scrap merchants unable to agree prices.

German domestic scrap prices have again outperformed those in the UK. German domestic ferrous scrap prices dropped €10 ($11) per tonne on grade E3 in December, while E8 prices were unchanged. Meanwhile, UK monthly prices for December registered a fall of £20 ($25) amid a drop in export prices. The UK exported 78.5% of its overall scrap sales in January-September this year, we calculate, while Germany has exported just 28.6%. This means the UK is more exposed to swings in the Turkish market while German...

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