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An accident at Kaohsiung port, Taiwan, in which a tower crane collapsed on Thursday June 3 will likely have minimal impact on discharge rates for containerized ferrous scrap in the coming days, market sources told Fastmarkets.
Base metals prices on the London Metal Exchange have attracted dip-buying this morning, Friday June 4, after weakness on Thursday when prices fell across the board by an average of 2.2%.
Mammoth steel-scrap margins and high-grade premiums prevalent in recent months are likely to persist in the short term but should fall away by the end of the year, panelists at the ferrous session of this week’s Bureau of International Recycling (BIR) Convention said.
Ukraine’s spring sowing campaign advanced by 2 percentage points in the week to June 4, despite the arrival of rainy…
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