Europe ferrous scrap tags plummet to 33-month low

Oct 23, 2008 | 10:13 AM | Jana Marais

European ferrous scrap prices have fallen below $200 per tonne at the docks in Rotterdam, the Netherlands, for the first time since January 2006, despite an increase in transactions during the past week.

A number of cargoes have been sold to Turkish steel mills from export yards in Europe, the U.S. East Coast and the Baltic region, one Turkish trader said, but added, "The market is still not very active."....

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