25
Apr
09:12
Spanish steelmakers lower scrap buying prices
Spanish scrap prices reached new lows at the beginning of this week. New E8 quality has fallen by almost €35/tonne ($38.6/t) since the return of market activity after Easter. Local market participants tell Kallanish the decrease was driven by a decline in the global market and lower finished steel demand in Spain.
“Over the last ten days, most steel mills reduced buying material while waiting for new market adjustments to be confirmed,” a local so…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous