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16 Oct
13:06

Scrap recovery not before end-Q1, says BIR’s Reuter

The scrap market outlook is bleak for the final quarter, says Bureau of International Recycling (BIR) Ferrous Division president Denis Reuter. The global economy weakened further in Q3, particularly in the eurozone which is facing a renewed recession. “The German economy, which has the greatest weight in the monetary union, is suffering from a sharp decline in industrial activity as well as weak construction levels,” Reuter says in the latest BIR Ferro…
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