Reference markets
LME prices and regional physical premiums can inform pricing, but the traded scrap unit also reflects grade, recovery, treatment and logistics.
Price is only one variable. Availability, freight, exchange rates, regulation, treatment economics and regional demand shape the executable trade.
LME prices and regional physical premiums can inform pricing, but the traded scrap unit also reflects grade, recovery, treatment and logistics.
Freight, port capacity, policy changes and regional industrial demand can redirect material rapidly.
Validity, quotation timing, currency exposure and shipment period should align with the hedge or pricing mechanism.