UK ferrous prices fall pound 2 in October settlements

摘要

UK scrap buyers and traders have reached settlements for October contracts after agreeing to drop prices by pound 2 for OA, low residual and new production scrap grades.While some final negotiations had yet to be completed as MB went to press, most buyers and sellers agreed that price reductions would be limited to OA, No 4 bales, No 8 cuttings and o 12 new production material. All steelworks contracts were expected to be completed by the middle of this week.The major UK ferrous scrap buyer, Corus Engineering Steels confirmed a pound 2 reduction on low residual scrap and OA, However, earlier fears that other grades might also be hit by price reductions appear to have receded.