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30 Jan

Spanish scrap market retreats after January hike

Scrap prices in Spain have begun to fall. The market saw a €10/tonne ($10.8/t) correction on Monday, with sources forecasting the downward trend will continue in February, although without being clear about the extent of the drop. “The correction has followed the international market deceleration. Prices should continue to fall in the short term,” one source tells Kallanish. Mills’ inventories are at normal levels, but falling scrap prices a…
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