High freight rates push down European ferrous

Nov 30, 2004 | 05:54 AM | Philip Shawcross

Ferrous scrap export prices have been on the decline in several European markets over the past week.

Finnish scrap exporter Kuusakoski Oy booked an 18,000-tonne mixed cargo to Posco Corp., Seoul, South Korea, for $299.50 and $309.50 a tonne, delivered, down from $327 and $337 paid by a Taiwanese steelmaker in early November for No. 1 heavy melting steel scrap and bonus grade (5-foot plate and structural scrap), respectively.....

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