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09 May

Spain’s scrap market begins May with price increase

Spanish scrap prices have risen by almost €10/tonne ($10.7/t) since last week. Local market participants tell Kallanish the increase was driven by an improvement in the global market. Domestic finished steel demand, however, remains weaker than expected. “Most steel mills announced an increase in their purchasing prices last week. This market movement occurred somewhat slowly since the sentiment in most EU markets and Turkey is that values are softening…
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