European scrap price declinelikely for November: market

摘要

European scrap settlements forNovember are likely to drop Eur5-15/mt onmonth, with mills targeting reductions on lowsteel demand and suppliers’ countering withthe resurgence in Turkish scrap — from therecord lows hit at mid/end October.German settlements for November willlikely fall to Eur130-140/mt, with Frenchprices in a similar range, sources said. Italiansettlements were estimated at Eur150/mt.