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16 Jan
10:44

French, Benelux scrap increases but trend reversal foreseen

French and Benelux scrap prices are increasing this month by €10/tonne ($10.9) following the sharp hike seen in December. This month's hike is driven by strong international increases, limited scrap availability and competition with the export market, Kallanish hears from market sources. In western Europe this month, E40 is hovering at €380-390/t delivered, while E8 is fetching €370-390/t delivered on average depending on each mill’s needs…
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