Ferrous scrap

Cristina Bumbac

Conjunctura economiei mondiale / World Economic Studies, 2012

Abstract: The article presents the development of the ferrous scrap market in 2011 and prospects for 2012. According to a Directive of the European Commission from October 2011, the articles regarding ferrous scrap will be referred to generically as „scrap†, even though it is about a material from a new production. The main importers of scrap, in the sense of the mentioned Directive, are, in order, Turkey, South Korea, China. In 2011, the demand has exceeded, at global level, the supply of scrap – especially the one of good quality, which reflected in the increase of the price difference between the two qualities. The demand’s prospects are uncertain. According to Tata Steel Europe group forecasts, the scrap prices will remain high in the following years, without excluding the possibility of some fluctuations.

Keywords: ferrous scrap; world market; production; consumption; trade; prices (search for similar items in EconPapers)
Date: 2012
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:iem:conjun:y:2012:id:2822000009580019

Access Statistics for this article

Conjunctura economiei mondiale / World Economic Studies is currently edited by Simona Moagar Poladian, PhD

More articles in Conjunctura economiei mondiale / World Economic Studies from Institute for World Economy, Romanian Academy Contact information at EDIRC.
Bibliographic data for series maintained by Ionela Baltatescu ( this e-mail address is bad, please contact ).