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Spanish ferrous scrap prices rise on competition, supply fears

December 13, 2011 - 11:39 GMT Location: London

KEYWORDS: ferrous scrap prices , steel scrap prices , shredded scrap , turnings

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 offering...

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