Brazilian ferrous scrap moves sideways, expectations diverge

摘要

Brazilian ferrous scrap prices were stable Monday, amid a dearth of deals, while market participants held mixed views on the short-term price trend. “The problem isn't price anymore, but the lack of consumption,” said a Sao Paulo- based scrap dealer. “We can always adapt prices to the market conditions. But when there is no consumption, you can't even negotiate,” he added.