The problems surrounding the European economy have resulted in a significant reduction in the region's industrial output. Since the decreased output has also caused a fall in the scrap flow from industrial sectors, scrap supplies are depressed in Europe nowadays.
It is heard that ex-Rotterdam scrap prices are now standing at $395-400/mt FOB.
Although no ex-Europe scrap offer has been heard in Turkey lately, European suppliers are expected to issue their initial offers at $420-425/mt CFR, also leaving some room for further negotiations. However, the price idea of Turkish mills for ex-European scrap is far below this price range.
European scrap supplies narrow
Tags:
Scrap Raw Mat Turkey Netherlands Mediterranean Non-EU Countries European Union Middle East Europe Steelmaking
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