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02 May
08:45

Spanish scrap prices sink to two-year low

Spanish scrap prices have continued weakening since April. Local sources tell Kallanish the volatility in the international market is putting pressure on domestic offers, while large mills and traders are evaluating implementing further price corrections. If the latest expected drop of €20/tonne ($21.9) is confirmed during the next few days, scrap values will return to levels last seen in April 2021. “Prices have continued falling during the last two we…
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