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International Trade and Export Policies in the Ferrous Scrap Market

机译:黑色废钢市场的国际贸易和出口政策

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Ferrous scrap, one of the principal raw materials used in steelmaking, is significant in international trade. GAO found that: Scrap is traded in a highly competitive spot market, with prices determined on the basis of supply and demand. Unlike North America, European and Far East areas are net importers of ferrous scrap. Continuation of recently initiated liberal trade practices by major scrap exporting countries in Europe could help meet the demand of scrap deficit countries. Nevertheless, net importers in Europe and the Far East will need to continue to buy scrap from the United States.

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