03
Oct
15:22
BIR foresees fourth quarter recovery in scrap prices
The most-recent decline in steel prices is not the start of a significant drop. The general consensus is that prices will climb back slightly into the fourth quarter, according to Bureau of International Recycling (BIR) Ferrous Division board member Tom Bird.
The scrap export market has quietened from its busy summer period that saw prices peak close to $360/tonne cfr Turkey, which consequently saw EU domestic scrap prices rise €40/t in August and Sept…
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Anonymous
Very good overview of the weekly steel market.
Anonymous