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Cost of steel scrap in the world market continues to decrease

 If in first half of September the sharpest falling was observed in the Asian market now Turkey became main "outsider". The local companies have renewed purchases, but have used recession in Asia and surplus of the offer in the world market to force suppliers to make concessions.

The American material HMS № 1&2 (80:20) which cost was reduced to $375 per ton CFR has to the greatest degree fallen in price, thus. The European companies because of a high euro exchange rate not in a condition to lower quotations so it is low, but their offers at level of $380 per ton CFR and more are not supported by consumers.

The Russian traders had to dump quotations on a material 3А to nearby $370 per ton CFR, but their Romanian competitors offer similar scrap metal to Turkey on $365 per tonand less, and consumers declare intention to achieve fall to $350 per ton CFR.

By data: UGMK.INFO

Cost of steel scrap in the world market continues to decrease

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