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DAILY SCRAP REPORT: Prices not likely to increase in near term, merchants say

February 10, 2012 - 13:30 GMT Location: London

KEYWORDS: ferrous scrap prices , steel scrap prices

Metal Bulletin’s Daily Ferrous Scrap Index was unmoved on Friday February 10 at $421.19 per tonne cfr Iskenderun on an HMS 1&2 (80:20) basis, down more than $12 from the $433.64 published a week ago.

The index was stable on Friday with little market movement heard, yet a merchant said more deals were likely to be concluded in the afternoon and into early next...

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