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Home > MEPS Steel News - 01.05.2013

THE OUTLOOK FOR GLOBAL FERROUS SCRAP TRANSACTION VALUES REMAINS UNCERTAIN - MEPS

Global ferrous scrap markets in April were shaped predominantly by low seasonal demand for finished steel products. The price volatility witnessed in key steel making raw material markets – particularly, iron ore and metallurgical coking coal – has only aggravated the situation. Selling figures declined in all of the seventeen import / export markets surveyed.

Effective settlement prices decreased in eleven of the thirteen domestic markets researched. Average losses ranged from 0.2 percent to 9.0 percent. Purchasing figures were unchanged in Philippines. Currency exchange rate movements continued to distort the, month-on-month, prices when converted into US dollars – particularly, in Mexico, South Korea, Thailand, South Africa, Russian Federation, India and European Union.

Source: MEPS - Ferrous Scrap Review  Also see: MEPS - Scrap Price Table

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