One UK mill settles May-delivery ferrous scrap contracts

May 04, 2012 | 07:04 AM |

A UK mill settled its May-delivery ferrous scrap contracts early this month, passing on a £10 ($16) month-on-month reduction to merchants after dock prices fell last week, market participants said. The mill purchased OA at £260-265 per tonne delivered, while it paid £195-200 per....





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