The global scrap market is seeing the downward trend now. All market players expected higher sales of finished steel back in September, but a sharp worsening of financial and economic situation in Europe has led to a steel product price collapse dragging down scrap quotations too. US scrap prices have lost $30/t on average over the month in Turkey, $35/t - in the Middle East, and those for Russian material have declined by $40-45/t to all destinations.
展开▼
