Ex-Europe scrap prices decline sharply amid absence of Arvedi

Friday, 07 November 2014 12:00:44 (GMT+3)   |   Istanbul
       

Production has been halted at Italian steelmaker Arvedi's Cremona plant due to several accidents which occurred in the past month, resulting in a sharp reduction in scrap consumption in the Italian steel market. In the absence of Arvedi, European scrap prices for Turkey have indicated significant decreases. Meanwhile, a Turkish mill has concluded an ex-Europe booking for 15,000 mt of HMS I/II 75:25 scrap, 15,000 mt of shredded scrap, 10,000 mt of HMS I scrap and 1,500 mt of new cutting scrap at the average price level of $305/mt CFR, which is considered to be quite low.


Similar articles

Taiwan’s import scrap market recovers slightly

29 Mar | Scrap & Raw Materials

Import scrap prices in Bangladesh mostly stable in new deals

29 Mar | Scrap & Raw Materials

Local Italian scrap market still sluggish, prices stable

29 Mar | Scrap & Raw Materials

Mexican domestic scrap prices

28 Mar | Scrap & Raw Materials

Carbon and stainless scrap prices in Taiwanese domestic market - week 13, 2024

28 Mar | Scrap & Raw Materials

Turkey’s deep sea scrap prices stabilize at $385-390/mt CFR

28 Mar | Scrap & Raw Materials

CISA: Coking coal purchase cost in China down 9.86% in Jan-Feb

28 Mar | Steel News

US scrap market still expecting sideways pricing in April

27 Mar | Scrap & Raw Materials

Ex-US deep sea scrap prices to Turkey increase, ex-EU prices relatively stable

27 Mar | Scrap & Raw Materials

Downtrend reverses in Pakistan’s import scrap segment

27 Mar | Scrap & Raw Materials