Northern European scrap settlements were largely stable for May, though some deals were done at marginally lower prices, sources told S&P Global Platts Friday.
Platts monthly assessment for shredded material stayed stable in May at $250-$260/mt delivered north Europe.
Shredded deals were reported around $250-$265/mt delivered, largely stable or down $5 in some cases. "Compared with April, prices are still flat, or down $5/mt depending on quality," a Belgian merchant said.
This was above export pricing for primes and good quality HMS, he added.
However, brisk domestic rebar demand in Turkey of late and a spate of buying has buoyed sentiment among some European exporters.
"Scrap should be up by a couple of bucks over the weekend," a source said, adding currency was a big issue in the domestic market.
In Poland and the UK, prices were heard stable or down a touch -- Celsa in the UK, the country's main buyer, settled down $5/mt for May.
In the Swedish market, ferrous scrap prices were down by SEK70/mt ($7/mt) for May, according to Jarnbruksfornodenheter (JBF), the purchasing association for Swedish steel producers.
Its price represents the standard grade of material labeled No.11, equivalent to heavy melting scrap No.1 in the deepsea market, or E3 (old thick scrap) in European specifications.
