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27 Jan
14:42

Benelux scrap market expects further price falls

The Benelux scrap market anticipates further decreases this week after prices continued falling last week. HMS 1/2 80:20 scrap prices, which stood at €215-225/tonne ($237-248) at the beginning of last week, fell to €210-215/t delivered by the end of the week amid almost zero export activity. Demand from Turkey – the largest buyer of European scrap – continued to be very weak. From Europe, only a single deal was booked into Turkey, from the UK…
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