Europe Scrap Intelligence Report (October 7, 2024)

ALERT! – EUROPE UBC.
 

ALERT! EUROPE UBC. TIGHTNESS CONTINUES: UBC discounts widen marginally despite higher LME prices (From October 3).

UBC discounts have widened only marginally amid higher LME prices. UBCs are currently trading at a EUR…

Today, UBC discounts are EUR… Our intel from the ground indicates that a couple of large/traditional consumers are…

It is about structural tightness and now also late/slow deliveries against formula contracts. Consumers and scrap dealers/traders across Europe continue…

 

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