Tag: Brazil markets soften
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Tight European scrap availability keeps prices elevated; US and Brazil face selective demand
Limited Baltic vessel availability keeps export scrap offers firm US shredded scrap faces downside amid weak export demand Ferrous scrap export markets remained mixed during the week ended 14 August. Firm freight rates, tighter summer scrap availability, and slower collection supported European export prices, while cautious buying interest and weak finished steel demand limited upside…