20
May
13:31
Spanish scrap corrects from highs, further falls unpredictable
Scrap prices in Spain have continued falling in May. The market saw a new €20/tonne ($21.15/t) correction on Friday, with sources forecasting the downward trend will continue until June, although without being clear about the extent of the drop.
“The correction has followed the international market deceleration. Prices have come back to levels seen in March, but should continue to fall in the short term,” one source tells Kallanish.
Another mark…
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Anonymous
Very good overview of the weekly steel market.
Anonymous