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Spanish ferrous scrap prices rise on competition, supply fears
December 13, 2011 - 11:39 GMT
ferrous scrap prices
steel scrap prices
Ferrous scrap prices for material imported into Spain increased this week as buyers looked to secure more tonnage for delivery in the New Year.
Shredded scrap prices have increased by €15 ($20) per
tonne over the past two weeks, while turnings have increased by
€5 per tonne, market participants said. Offer prices for
shredded material were at €320-325 per tonne cfr
($430-436) north Spain for small tonnages, up from
€305-310 cfr on December 2. A merchant was heard
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Euromoney Institutional Investor PLC.
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