around $300/mt is 'threshold' for viable ferrous scrap business: mckinsey

摘要

A price range of $275-$325/mt for heavy melting scrap 1/2 (80:20) may be considered a threshold for the ferrous scrap businesses to be economically viable, Steven Vercammen, senior expert at consultancy McKinsey & Co, told the Bureau of International Recycling convention in Singapore Tuesday. Prices of around this level are need to ensure operations including logistics are viable in the sector, he said.