EU ferrous scrap market gears up for monthly settlements

摘要

The European scrap marketis gearing up for monthly scrap pricesettlements during the week beginningSeptember 11, with sources still expecting themarket to pick up this month, but to a lesserextent than was expected at the start of themonth, sources told S&P Global Platts.Market participants appeared to have shiedaway from the bullish expectations of a Eur25-Eur30/mt rise heard in the market at end-August, as the export market has since calmeddown. Many still expect a decent increase ofEur10-Eur15/mt month on month, however.