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19 Sep

Low steel demand brings down Spanish scrap prices

Spanish scrap prices are seeing a downward correction, Kallanish learns from local market sources. After reaching a three-month high in the last days of August, prices have so far fallen €20/tonne ($19.95/t) in September. This trend is set to continue as values are impacted by softening domestic demand, production cuts at certain large mills, and a relatively quiet international scrap market. "The deceleration of local demand could force Spanish prices t…
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