Long products might spell relief for falling European ferrous tags

Oct 12, 2005 | 08:24 AM | Ben Garside

Like their counterparts in the U.S. scrap market, secondary metals dealers in western Europe have spent the past couple of weeks watching ferrous scrap prices get hammered. And also like their cross-Atlantic cousins, at least some see light at the end of the tunnel.

Italian ferrous scrap prices have fallen 60 euros ($72) a tonne since the middle of September, but scrap dealers there said they are confident that the buoyant long products market will prevent prices from falling much further.....

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