Home Read for free: Recycling $56 billion of ferrous scrap to be traded in 2011

$56 billion of ferrous scrap to be traded in 2011

0
67

Over 120 million tonnes of cross border trade of ferrous scrap metal worth $56 billion is predicted to be traded in 2011.

The report was compiled by Freight Investor Services in association with The Steel Index (TSI), who have also launched a swaps service for steel.

FIS senior steel derivatives broker Sam Mehew said: “FIS and TSI together helped to make the steel and scrap swaps market a reality and this report is ideally-timed in providing the kind of information traders need to get more closely involved.

“The first steel and scrap swap trades are a demonstration that there is an appetite for these products and this report is another tool to help unlock their potential.”

 

Want to read more?If you'd like to access our content, why not take out a subscription?

To view all of our premium content, you need a subscription.