05
Oct
12:33
Scrap prices unlikely to recover before spring: Assofermet
Considering weak finished products sales, Italian steelmakers exclude a short-term rebound in scrap prices, with a recovery unlikely to happen before next spring, Italian trade association Assofermet says in its market note monitored by Kallanish.
Scrap sales volumes remain low due to reduced demand from mills, but the relative shortage ensures that prices at least remain stable. Margins, however, have deteriorated significantly. “Despite the above scenario,…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous