Ferrous scrap market has been showing signs of greater stability in early December.
The latest trade data released on Monday by the US Department of Commerce (DOC) and the US International Trade Commission (ITC) indicates that the country’s ferrous scrap imports touched 32-month high during the month of December this year. The imports peaked ahead of the seasonal slowdown period, the data showed. Early-December cfr price indications for shipments from Europe to Turkey are US$ 295-300 per tonne for standard quality HMS I/II 80/20 scrap and US$ 300-305 for shredded scrap.
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