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28 Sep

Spanish market lowers scrap buying prices

Spanish scrap prices have fallen in line with the decrease in raw materials demand seen globally in recent weeks, Kallanish learns from market sources. Local market expectations are for new E8 quality prices to remain unchanged in the first week of October. After a relatively stable three-week period, Spain’s major steelmakers corrected their scrap purchasing prices by €10/t ($10.5/t) on Wednesday, forced by the latest Turkish scrap bookings. “Th…
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