Eurofer scrap indices tumble in Oct; Nov outlook steady

摘要

The European steel producers' lobby Eurofer posted decreases of 18-24 points on its October monthly scrap indices, while a strong increase for November is unlikely due to the weakness in longs demand in Europe, according to an analyst close to the index. Published Friday, all three major scrap grades calculated on the index sunk for October in settlement data tabulated from the five largest steelmaking nations in Europe (Germany, Italy, France, Spain and the UK).