Ferrous scrap mart braces for global weakness
May 29, 2013 | 11:46 AM
| Weilyn Loo
SHANGHAI Ferrous scrap participants globally are bracing themselves for a weaker market for the remainder of 2013 against slow demand in the steel sector, a theme that dominated proceedings during a session at this weeks Bureau of International Recycling (BIR) conference in Shanghai.
"The mood for many of us in the steel recycling industry is not so optimistic anymore, especially for those who do their business in Europe," Christian Rubach, president of BIRs ferrous division, told delegates.
Europe is the biggest recycling sector in the world but has suffered considerably from the financial crisis, austerity programs and low consumption, he said.....
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